Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, April 23, 2010

Friday

Energy stocks led a steady market rally, spurred by a rally in oil prices and an upbeat outlook from Schlumberger. Investors grew more optimistic about the U.S. economy following a Commerce Department report showing that sales of new homes in the U.S. posted thier largest year-over-year increase in nearly five years. Worries about Greece's finances kept a lid on the market's gains but didn't derail the generally optimistic mood that pervaded the market all week. Traders remained focused on the first-quarter earnings on Wall Street, which has provided far more pleasant surprises than bad. DJIA +69.99 Nasdaq +11.08 S&P 500 +8.61.