The Dow Jones Industrial Average struggled around the key 1000 level amid the slew of company earning announcements. On Friday, the investors' worry about the length of economy recovery pulled the index down 150 points, and the DJIA failed to close the week above 1000. The SP 500 index closed this week at 1079, down 0.7%, , the Dow Jones Industrial Average decreased 0.2%, and the Nasdaq composite index gained 0.1% for the week. The anticipated big move for stocks did not materialized due the the mixed company earning reports.
In the U.S., the energy related sectors still have upward momentum on their side. FSAIX in the SELECT ranking table quickly fell off the top rank due to the higher oil price, and FSAVX regained the top spot after giving up the crown for a few weeks. Our SELECT model portfolio has held FSAVX for 137 days since June with a gain of 40%. For the international funds, Latin America and Europe are among the top momentum area due to natural resource and week dollar respectively.
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