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Article: FirstAlert[tm] 6/8: An Exasperating Outcome.
- Article from:
- Investrend
- Article date:
- June 8, 2009
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Jun 08, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/06/08/firstalerttm-68-an-exasperating-outcome/)
June 8, 2009 (FinancialWire) (By Genevieve Hawkins) -- Stocks rose last week despite Friday profit-taking on banks such as JP Morgan (NYSE: JPM) but with the rally already three months old, many investors are nervous to make bets on a move in any direction.
Last week the Dow rose 3.1%, while the S&P 500 increased 2.1% and the Nasdaq jumped 4.2% as so-so economic reports masked a rally that was more likely due to the weak dollar and oil's continued rise. Although the S&P 500 has risen a meteoric 39% in the ...