Weekend Linkage – April 12, 2009

By Sun

Market Recap

U.S. stock market ended the holiday shortened trading week with gains of more than 3% for all three major indices last Thursday after Wells Fargo said it earned a record $3 billion in the first quarter. Optimism in the banking sector carried the stock market to its fifth straight weekly gain. After reaching 12-year lows a month ago on March 9, the S&P 5000 has surged 27%, the steepest gain in the one-month period since the great depression. For the week, the Dow added 0.82% to 8083.38, the S&P 500 rose 1.67% to 856.56, and the NASDAQ added 1.89% to 1,652.54. Crude oil was down 0.51% to $52.24 for the week, while gold lost 1.63% to $881.50 an ounce and silver tumbled 3.45% to $12.31/ounce.

Weekend Readings

Carnivals

This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.


PF blogoshpere
,

2 Responses to “Weekend Linkage – April 12, 2009”

  1. Pinyo |  Apr 12, 2009 at 9:56 pm

    Sun, thank you for the mention. As for the stock market, it’s unfortunate that 27% down is more than 27% up.