The week ahead:
MONDAY: Chicago Fed national activity index; Texas manufacturing outlook survey, 2-year note auction, Schapiro, Breeden, Pitt on future of SEC; BlackBerry’s Devcon 2010, FedEx shareholder meeting
TUESDAY: S&P/Case-Shiller home price index; Richmond Fed survey; consumer confidence index; 5-year note auction; Atlanta Fed Pres Lockhart speaks; Barnes & Noble shareholder meeting; HP analyst meeting
WEDNESDAY: Weekly mortgage applications; oil inventories; Minneapolis Fed Pres Kockerlakota speaks; Philadelphia Fed Pres Plosser speaks; Boston Fed Pres Rosengren speaks; 7-year note auction
THURSDAY: Reading on GDP; Weekly jobless claims; Corporate profits; Chicago PMI; Hearing on J&J recalls
FRIDAY: Personal spending; NY Fed Pres Dudley speaks; Consumer sentiment; ISM manufacturing index; Construction spending; Monthly auto sales; BP’s Hayward steps down
Sept. 26, 2010 – Market Recap
US stocks rose for the week ending Septmeber 24th, the fourth consecutive week of gains on the benchmark indexes, as investor confidence in the economy was buoyed by improving demand for capital goods and technology products.
YTD Stock Market Performance

The S&P 500 rose 2.1 percent this week to 1,148.67. The S&P is up 9.5 percent in September and closed above the 1130 resistance level twice in the past week – a signal to some traders that the market is ready to trade in a higher range.
The Dow Jones Industrial Average gained 252.41 points, or 2.4 percent, to 10,860.26. The Dow is now up 8.33 percent for the month – the largest gain in September trading in over 70 years. September is historically the worst month for stocks.
The Russell 2000 Index of small companies increased 3 percent.
The Nasdaq is poised for its best September since 1998 – holding on to a 12.6 percent gain for the month. It rose 2.3 percent on Friday to close at 2,381.22.
Gold futures surpassed a previous high, reaching more than $1,300 an ounce. The U.S. 10-year Treasury note fell, marking a 2.61 percent yield at the end of the Friday trading session. Fed Funds rate remained unchanged – as expected. As gold surged, the U.S. dollar weakened 2.6 percent for the week.
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