The equity markets all rallied this week led by the NASDAQ up over 3%, the S&P up over 2.5% and the Dow up almost 2% led by energy and tech. The NASDAQ gains were driven by Intel up almost 7% on the week and responsible for 8 points of the NASDAQ 100's weekly gain, Cisco up over 4% for the week and responsible for over 5 points of the NASDAQ 100's weekly gain.
-S&P 500 gains for the week were fueled by oil and tech with Exxon Mobil having the most positive impact on the S&P followed by Intel, AT&T,Chevron and Cisco.
The S&P 500 sectors were all up this week led by the Materials sector bolstered by Temple-Inland's almost 20% for the week, and no surprise, followed closely by Energy and Information Technology.
The equity markets all rallied this week led by the NASDAQ up over 3%, the S&P up over 2.5% and the Dow up almost 2% led by energy and tech. The NASDAQ gains were driven by Intel up almost 7% on the week and responsible for 8 points of the NASDAQ 100's weekly gain, Cisco up over 4% for the week and responsible for over 5 points of the NASDAQ 100's weekly gain.
-S&P 500 gains for the week were fueled by oil and tech with Exxon Mobil having the most positive impact on the S&P followed by Intel, AT&T,Chevron and Cisco.
Commodities are all about oil this week with crude hitting a new record close of $126.29 per barrel and a new intraday high of $127.82 on Friday as Saudi Arabia sees no reason to increase oil production until customers demand it, and Goldman Sachs hikes its crude oil average to $141 per barrel for the second half of the year, and to $149 per barrel early next year.
The equity markets all rallied this week led by the NASDAQ up over 3%, the S&P up over 2.5% and the Dow up almost 2% led by energy and tech. The NASDAQ gains were driven by Intel up almost 7% on the week and responsible for 8 points of the NASDAQ 100's weekly gain, Cisco up over 4% for the week and responsible for over 5 points of the NASDAQ 100's weekly gain.
-S&P 500 gains for the week were fueled by oil and tech with Exxon Mobil having the most positive impact on the S&P followed by Intel, AT&T,Chevron and Cisco.
The U.S. Dollar loses ground against most major currencies on weak consumer sentiment and a spike in crude oil prices. Some experts feel that the dollar is so oversold it could experience a solid short term rally, especially if high energy prices and inflation concerns move the Fed to raise interest rates.
The equity markets all rallied this week led by the NASDAQ up over 3%, the S&P up over 2.5% and the Dow up almost 2% led by energy and tech. The NASDAQ gains were driven by Intel up almost 7% on the week and responsible for 8 points of the NASDAQ 100's weekly gain, Cisco up over 4% for the week and responsible for over 5 points of the NASDAQ 100's weekly gain.
-S&P 500 gains for the week were fueled by oil and tech with Exxon Mobil having the most positive impact on the S&P followed by Intel, AT&T,Chevron and Cisco.