Market Review – Aug. 26, 2011
August 26, 2011 Leave a comment
Stocks were mostly higher this week, but pared gains after the U.S. Federal Reserve Board Chairman failed to promise that the central bank would do more to help the U.S. economy. Throughout the week, investors grappled with weak data, ongoing worries about the spread of the European debt crisis and a downgrade of Japanese debt. Amid this environment the DJIA was up 4.3%, the S&P 500 was up 4.7%, the Russell 2000 was up 6.2%, the Global Dow was up 2.8% and crude oil rose 3.8%.
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