S&P 500: +1.32 (+0.14%)
The Dow has crossed into positive territory six times this year, but had not closed in the black until today. Meanwhile, the S&P 500 chalked up another weekly win and has now posted gains in 12 of the last 14 weeks.
In what was a relatively quite day in terms of market moving news, a malfunction of three computer servers at the New York Stock Exchange (NYSE) caused the suspension of floor trading about 200 stocks, all of which reopened for trading later in the day.
The beginning of a new era
Starting next week, Cliff and I will be changing our format to our Afternoon posts. This will hopefully result in more consistency and structure. These changes will also likely result in more frequent posts instead of a couple giant posts at the end of the day. Of course, we will still have many of the same things you have come to love: the fixed income table, the quick hits, and in-depth analysis.
Stay tuned...
Quick Hits
- Beyond the Underwear Index: Four Other Odd Economic Indicators
- High Gas Prices Could Slow Recovery
- Bernanke Success May Come at Cost of Congress Curbing Fed Power
Peter J. Lazaroff
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