More Gains Despite Mideast Conflict
U.S. stocks weathered the Mideast conflict with the S&P 500 Index posting its 12th weekly gain out of the last 14 weeks. All major averages set fresh record highs during the week, causing some to ask whether stocks had come too far, too fast.
Last year’s leader, the Nasdaq Composite, was the best performing major domestic index for the week, gaining on strength in the technology sector and internet stocks within the communications services sector. Large cap stocks’ market leadership continued, as the Russell 2000 edged lower.
The week’s economic calendar was headlined by Friday’s job... Read more