The Weekly Wrap: Saturday, April 2, 2005
2 April 2005Markets were mostly down this week with only the S&P 500 managing to finish higher (barely though). Oil prices rose this week from $54.84 a barrel to $57.27 and the 10-year note yield fell from 4.58% to 4.45%. Fridays employment data release was disappointing with Nonfarm payrolls up 110,00 versus expectations of 220,000 and average hourly earnings were up 0.3% versus expected 0.2% increase. So the growth factor was less than expected and the inflationary factor was greater than expected. Both not good for stocks. Strong sectors this week were Oil, Homebuilding and Steel. Basically another disappointing week for Bulls.
| Markets at a Glance | ||||
|---|---|---|---|---|
| Index | Started Week | Ended Week | Weekly Change | Yearly Change |
| DJIA | 10,442.87 | 10,404.30 | -38.57 (-0.40%) | -3.50% |
| Nasdaq | 1991.06 | 1984.81 | -6.25 (-0.30%) | -8.80% |
| S&P 500 | 1171.42 | 1172.92 | +1.50 (+0.10%) | -3.20% |
| Russell 2000 | 615.27 | 611.55 | -3.72 (-0.60%) | -6.10% |
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