The Week in Review: 4.5.10 – 4.9.10
This week, the Dow ended up .64%, briefly breaking through the 11,000 mark. The S&P was up 1.37%, and the Nasdaq saw tech stocks rebounding, ending up 2.14%. This marks the 6th straight week of gains for the three major indexes.
Stocks continued their gains on the heels of the positive jobs report last Friday, which revealed that nonfarm payrolls added 162,000 jobs in March. Additionally, The Fed seems to be weaning itself from its supply-loosening policies, and mortgage rates are trending higher.
This good news will hopefully be reflected in the coming earnings season for Q1, which is just around the corner.