The stock market ends the week on a mixed note with the Dow [.DJIA  Loading...      ()   ] 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  Loading...      ()   ] was the biggest drag on the NASDAQ 100 and the S&P 500 by impact, down over 7% for the week.
-McDonald's [MCD  Loading...      ()   ] 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...      ()   ] up over 5% for the week.
-Telecom was negatively impacted by Qwest [Q  Loading...      ()   ] down more than 10% for the week.
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


 

Tools:

PrintEmail Del.icio.us Digg It

Next Post

Previous PostBack to Main Page