Stocks rallied on Friday’s better-than-expected employment report, erasing most, or in some cases all, of their Monday-Thursday declines. Click the link below for our latest weekly review.
U.S. stocks hit new highs during the short trading week, despite some mild profit taking Friday. Bonds were fairly flat on the week. Commodities were mixed, with metals up slightly and crude oil and unleaded gasoline lower by 1.5%-2%. The dollar hit a six-month high against the yen, at 102.49, while the euro was gaining 0.3% against the dollar. Follow the link below to our Weekly Market Recap.
Stocks pushed to all-time highs this past week, one week ahead of the Thanksgiving, Black Friday and Cyber Monday “holidays” in the United States. The year 2013 is shaping up as the best for U.S. stocks since 1998, as the S&P 500 boasts a total return approaching 30%. As the bull market draws close to its 5th anniversary, the S&P 500 is up 167% from the March 2009 low. Click on the following link for our latest weekly market review. Last Week In Markets 11.22.13