Dow Jones Industrial Average broke above the 10000 psychological barrier on Wednesday and stayed above it for two days. Unfortunately the bad earning announcement from Bank of America and GE on Friday dragged the index down and DJIA closed the week 5 point below 10000. Next week, a lot of the companies will announce their 3rd quarter earnings and will give a more clear indication about the economy recovery. A large stock movement next week is expected. The SP 500 index closed this week at 1087, up 1.5%, , the Dow Jones Industrial Average increased 1.3%, and the Nasdaq composite index gained 0.8% for the week. Slowly but steadily, S&P 500 index is heading toward 1200 level.
Continuing the strong movement from last week, the energy related sectors, such as energy service, natural gas are moving up fast in the ranking table. Latin America (ILF) and Brazil(EWB) are among the funds with highest momentum in the international front.
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