Sunday, August 20, 2006
U.S. Markets Update: August 14 - August 18, 2006
Date: Fri, 18 Aug 2006 22:36 (GMT)
U.S. markets managed their first five-day winning streak since early May
as inflation fears eased and more data pointed to a slowdown in the
economy, both of which fueled expectations the Fed will hold off on any
more interest rate hikes.
For the week, the Dow industrials (INDU) rose 2.6% for the week to end
at 11,381.47.
The S&P 500 (SPX) ended at 1,302.20, up 2.8% for the week.
The Nasdaq Composite (COMP) logged its biggest weekly point gain in more
than four years, ending at 2,163.95, up 106.24 points, or 5.2%, for the
week.
U.S. markets managed their first five-day winning streak since early May
as inflation fears eased and more data pointed to a slowdown in the
economy, both of which fueled expectations the Fed will hold off on any
more interest rate hikes.
For the week, the Dow industrials (INDU) rose 2.6% for the week to end
at 11,381.47.
The S&P 500 (SPX) ended at 1,302.20, up 2.8% for the week.
The Nasdaq Composite (COMP) logged its biggest weekly point gain in more
than four years, ending at 2,163.95, up 106.24 points, or 5.2%, for the
week.
