Monday, August 11: Week in Review
August 11, 2008
Jonathan Callahan submits:
Stock markets closed on a robust note last week, gaining between 3% (Dow Jones) and 5% (NASDAQ). However, the week’s upbeat closing does not adequately convey the underlying volatility and turmoil. Most of the week’s gains materialized on Tuesday and Friday.
The Dow, for example, advanced 675 points on three days and retreated 267 points on two other days to close the week up 408 points. The S&P500 — 70 points up, 34 down, for a 36 point advance (3.6%). NASDAQ — up 150 points, 47 points down, a net gain of 103. Changes of this magnitude were also seen the week before.
Monday, August 11: Week in Review
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