Monday, December 22, 2008

Last Week's Summary

The Dow Jones Industrial Average finished the week down 51, or 0.6%, to 8579. The S&P 500 notched its third gain in four weeks and rose 8, or 0.9%, to 888 -- it is 18% above its Nov. 20 low but still 43% below its 2007 high. Technology and small stocks benefited more from the increased expectancy for growth, and the Nasdaq Composite Index rallied 24, or 1.5%, to 1564. It has gained 13% in four weeks. The Russell 2000 index of small stocks jumped 18, or 3.8%, to 486.

No comments: