Friday, June 11, 2010

Dow up on the week

Sorry I've been MIA for the past few days, just been really busy but lets get the recap.
DOW up 38.54 to 10211.07
Nasdaq up 24.89 to 2243.60
S&P 500 up 4.76 to 1091.60

The Dow finally finished a week in the green for the first time in a month. This just shows you how bad it has been lately. It was a seesaw today as the DOW kept increasing and decreasing as BP shows more lies about how much has actually leaked into the gulf. Bank stocks were back and forth with Citi finishing down but Bank of America finishing up. Studies also showed that a decrease in spending by consumers could slow down the recovery. Wendy's and Arby's got an offer from an anonymous company looking to takeover sending their shares 7% higher. Look for Monday to be another staggering day as there are 2 whole days for more and more news to come.

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