For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3%
or higher for the week. Only the Dow declined for the month, shedding 1.42%.
The NASDAQ reached its third consecutive monthly gain , up
4.55%
for the
month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate ,
better than the previous estimate. Crude Oil also retreated to lower levels.
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