Jul 2, 2011

News Alert: Weeklong Rally Lifts Dow Index by 5.4%

Breaking News Alert
The New York Times
Friday, July 1, 2011 -- 4:16 PM EDT

Weeklong Rally Lifts Dow Index by 5.4%

American stock markets wrapped up one of their strongest weeks in two years with further gains on Friday, erasing their losses from earlier in June. An unexpected upturn in manufacturing and easing of concerns about a public-debt default in Greece were the driving forces.

The Dow industrials closed on Friday at 12,582.77, a gain of 1.36 percent for the day and 5.4 percent for the week, in preliminary figures. The broader S.&P. 500 did even better, gaining 1.44 percent on Friday and 6 percent for the week.

Read More:
http://www.nytimes.com/2011/07/02/business/02markets.html ?emc=na

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