The markets end the week roughly flat as an increase in oil prices and the highest unemployment rate since March 2004 weighed on stocks, but Financials rallied.
-Bank of America had the biggest positive impact on the Dow and the S&P 500 up almost 13% for the week
-Caterpillar weighed most on the Dow by impact, down over 3% for the week
-Exxon Mobil had the most negative impact on the S&P 500 down more than 2% for the week
-Amgen had the most positive impact on the NASDAQ 100 up almost 17% for the week
-Google was the biggest drag on the NASDAQ 100 by impact, down almost 5% for the week
The S&P 500 sectors were mixed again this week with Financials once again the top performers up about 4% for the week, while Telecom brings up the rear, down more than 2% for the week.
-Financials were led MBIA up over 57% for the week
-Telecom was dragged down by Sprint Nextel off almost 8% for the
Oil ended the week up 1.49%, but still almost $20 below its record settle of $145.29 set July 3rd.
-Platinum falls more than 6% for the week on slowing demand and a firm dollar, and other precious metals such as palladium and gold were also lower for the week.
The US Dollar was up against most major currencies this week, and may extend its recovery into next week as the Fed meets on interest rates along with other central bank meetings in the euro zone, the UK, and Australia.