Dollar Falls, Risk Assets Rallying
By The Simple Accountant:The tension between growth concerns and corporate outlooks, between softening economic data and solid earnings reports, continued last week. Where prior weeks had seen the markets taking on a more risk averse tone, last week saw trading tilt more toward risk appetite. Let's break down the numbers.
Stocks: All of the major U.S. equity indexes were in the black last week as the market saw impressive gains following five weeks of consolidation. There was a small cap and growth tilt in the trading action, with the Russell 2000 pacing the major indexes with a gain of more than 2.6%, followed by the NASDAQ Composite with a gain of 2.3%. The mega cap Dow Industrials brought up the rear with a still solid gain of more than 1.5% on the week. Among the nine major S&P sectors, energy finished well out in front on the strength of advances in oilComplete Story »