Independent, Fee-Only Financial Advisor
Friday, July 09, 2010
Stocks climbed again today, giving the market its best week in nearly a year thanks to improving expectations for the second quarter earnings session beginning Monday. The Dow Jones Industrial Average has climbed about 5% this week, making this its best week since July of 2009. The rally comes as investors have grown hopeful that the market's recent drop may have exaggerated expected effects on corporate earnings from the slumping euro and slower global growth. In other markets, the euro fell today, while the U.S. Dollar Index gained slightly. DJIA +58.73 Nasdaq +21.05 S&P 500 +7.68.