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Response to Demeter (Original post)

Fri Jun 22, 2012, 05:59 PM

3. Market Overview

 

The stock market ended the week 0.6% below where it began. That is really the result of a dramatic one-day drop, though.

Broad market trade began the week in a relatively choppy, lackluster manner. Participants generally shrugged off news that early election polls in Greece pointed to a preference for the country's pro-austerity party. The apparent indifference came as precarious conditions in Spain took the yield on the country’s 10-year Note back above 7%.

Stocks advanced 1% on Tuesday for their strongest performance of the week as market participants prepared for announcements from the Fed scheduled for the following day. The effort gave the stock market its first finish above its 50-day moving average in more than a month...

http://finance.yahoo.com/marketupdate/overview

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