In Case You Missed the Weekend

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Higher-er:
 
  • If you can remember back to Friday, the market pushed higher with a late 20-minute rally pushing the Dow and S&P 500 to two-year highs, with the Nasdaq at a three-year-high and about a percentage-and-a-half away from its highest point since 2007. For the week, the S&P gained 1%. Energy stocks were where it was at all week, as oil climbed 0.7% last week. It was also a big week for small-caps — the Russell 2000 gained 1.5%, and for the year the Russell is now up 6.5% just a few percentage points behind the S&P 500’s 6.8%. Commodities were no slouch either, with silver hitting a 31-year-high and the CRB Index rising 1.2%. Bonds generally finished with yields below that of a week earlier — the 10-year note’s was down to 3.59%.
  • On Tuesday, a few biggies in the earnings-report pipeline: You’ll hear from Home Depot (NYSE:HD), Medtronic (NYSE:MDT) and Wal-Mart (NYSE:WMT) in the morning; the post-close brings us Hewlett-Packard (NYSE:HPQ). In economic data news, ready yourself for the December S&P Case-Shiller home prices index number and the February report on consumer confidence.
OUT THERE SOMEWHERE:
 

Article printed from InvestorPlace Media, https://investorplace.com/2011/02/in-case-you-missed-the-weekend/.

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