Friday, June 4, 2010
On Track: What Happend Last Week
Last week U.S. stocks rose with key benchmark indexes reviving from overall 3 month lows. Key points in the news this week included home sale forecasts and speculation on energy shares, speculation that was somewhat due to the continued coverage of BP's oil spill in the Gulf of Mexico. Overall, the Dow Jones Industrial Average finished ahead by 2.3%, while S&P and NASDAQ indexes increased over 2.5% respectively. All ten sectors ended positively Friday, with the energy sector gaining 4.3% to lead in gains. Additionally, both the financial and materials sectors increased in excess of 3% finishing behind the energy sector.