NOTE: Please click on the charts below to enlarge them if they do not appear clearly.The major indices gapped higher on last Friday’s open, chopped around throughout the day, then settled near their positive opening prices. Stocks showed little reaction to the morning Fed commentary on the economy, most likely due to the large opening gap that preceded it. The Nasdaq Composite gained 1.2%, the S&P 500 1.1%, and the Dow Jones Industrial Average 0.9%. The small-cap Russell 2000 and S&P Midcap 400 indices advanced 1.2% and 1.5% respectively. Each of the main indexe[...]
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[Source: The Money Blogs]
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