Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, October 15, 2010

Friday

A rally across technology companies following strong earnings from Google led the S&P 500 higher today. However, the Dow fell on declines in its financial components. Nevertheless, U.S. stocks managed to close in a positive weekly territory for the second straight week. General Electric was the Dow's worst performer, tumbling 5% as its revenue came in short of Wall Street's expectations. Financial stocks were also weak as concerns over the foreclosure crisis persisted. DJIA -31.79 Nasdaq +33.39 S&P 500 +2.38.