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Jun.13
4:30 PM ET
Friday, 13 Jun 2008
The stock market ends the week mixed, oil falls 2.7%, and the dollar rallies.
Topics:Commodities | Dow Jones Industrial Average | Nasdaq | Stock Market
Sectors:Oil and Gas
Companies:Qwest Communications International Inc | FPL Group Inc | McDonalds Corp | Apple Inc
The stock market ends the week on a mixed note with the Dow [.DJIA
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()
] positive on triple digit gains Friday, and the NASDAQ and S&P both in negative territory. The tech heavy NASDAQ faired the worst, down almost 1% for the week while the S&P was almost flat.
-Apple [AAPL
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()
] was the biggest drag on the NASDAQ 100 and the S&P 500 by impact, down over 7% for the week.
-McDonald's [MCD
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()
] had the most positive impact on the Dow, as it was up more than 5% for the week.
The S&P 500 sectors were also mixed for the week with Utilities the top performers, and Telecom bringing up the rear down almost 4% for the week.
-Utilities were boosted by FPL Group [FPL Loading... ()
-Telecom was negatively impacted by Qwest [Q Loading... ()
Oil [US@CL.1 Loading... ()] dominated the markets again this week, as it fell 2.7%, but shared the spotlight with the agricultural commodities such as corn, soy and wheat all up almost 10% this week as Midwest flooding takes its toll.
The U.S. Dollar is on track for its best week in 3 years on falling oil prices and US inflation data that raised expectations of higher interest rates.
*The Euro/US Dollar pair is the most actively traded currency in the Million Dollar Portfolio Challenge since the start of the contest, for more information, and how to trade go to www.milliondollar.cnbc.com
© 2008 CNBC.com
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