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Current DateTime: 03:25:36 04 Dec 2008
LinksList Documentid: 23371764
    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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The market rallies on Friday with the Dow, NASDAQ and S&P all up 1% or more, on light volume, but Friday's gains are not enough to boost the market's weekly performance out of negative territory.  Energy stocks dominate.
-AIG [AIG  Loading...      ()   ] had the most negative impact on the Dow & the S&P 500, down almost 14% for the week
-Chevron [CVX  Loading...      ()   ] had the most positive impact on the Dow, up almost 5% for the week
-ExxonMobil [XOM  Loading...      ()   ] had the most positive impact on the S&P 500, up over 4% for the week
-Research in Motion [RIMM  Loading...      ()   ] had the most positive impact on the NASDAQ 100 up more than 2% for the week
-Google [GOOG  Loading...      ()   ] was the biggest drag on the NASDAQ 100 by impact, down almost 4% for the week


The S&P 500 sectors were mixed again this week with but more heavily weighted to the down side, with Energy stocks the top performers up over 5% for the week, while Financials brings up the rear once again, down another 3% for the week.
-The Energy sector was buoyed by Consol Energy [CNX  Loading...      ()   ]up more than 13% for the week
-Financials were dragged down by Freddie Mac [FRE  Loading...      ()   ] down almost 52% for the week


Volatility in commodities continues as oil's surge on Thursday is erased by its biggest percentage drop in 4 years of 5.43% to settle at $114.59 per barrel on Friday.
-After falling below $800 last week, gold gains 5.3% this week to settle at $827.40.
-Copper's 5% spike Thursday loses ground as the September contract falls over 2% Friday, though it is still up 4.51% for the week.

The US Dollar continues to rally and is on track for its best one-month performance in almost a decade.  However, a heavy economic calendar next week could slow the dollar's rally, with housing data, durable goods, and preliminary GDP all scheduled to report next week.

Bythenumbers.cnbc.com

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