Video: Reuters Business Recap for the Week of September 3, 2007

Didn’t you enjoy this market?

In the past two months or so, three-digit move of the Dow either way almost became a daily event. One day investors would feel the summer slump of stocks is not justified by the fundamentally sound economy and return to the markets to pick up bargains and that could send the index up some 100 points. The next day a piece of bad news (such as Friday’s employment data) brings everybody back to reality that a recession may have already appeared on the horizon and all of a sudden nobody wants to hold any stocks, good or bad, and the index could down some 200 points.

It’s all emotional.

For the holiday shortened week, the S&P 500 fell 1.4% to 1,453.55, the Dow lost 1.8% to 13,113.38, and the NASDAQ dropped 1.2% to close the week at 2,565.7. The biggest winner of the week is gold as the bullion gained nearly $29 an ounce or 4.4% to close at $701.57/ounce on Friday. Oil also advanced. Crude for December delivery added $2.66 in the week to reach $76.70 per barrel on Friday.

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