S&P 500 1,107.77 +.86%
Click here for the Weekly Wrap by Briefing.com.
Bottom Line: Overall, last week's market action was positive. U.S. stocks were able to add to the very strong gains seen the prior week, notwithstanding fears of terrorism ahead of the Republican Convention and mixed economic data. Breadth continued to improve and most sectors registered gains. Technology and financial stocks led the way as inflation fears subsided and interest rates declined. Commodity prices fell across the board as evidenced by the 2.23% decrease in the CRB Index. Volume was very light, however I am not reading too much into this. Traders and investors usually go on vacation this time of year. The Olympics and terrorism jitters contributed to the lackluster environment as well. The main negative from last week's trading action was that investor complacency measures rose. However, it is hard to gauge how much of this was a result of the very low volume.
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