Mar 27, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

U.S. Stock Markets Gain For Fourth Week; Traders Continue To Favor US Dollar As Safe-Haven Currency

Posted: 27 Mar 2010 06:56 AM PDT

DailyMarkets.com (New York) - U.S. stocks rose for the fourth straight week on positive stock news and a plan to help Greece avoid bankruptcy. The Dow climbed 1% this week with the S&P 500 climbing a more modest 0.6% and both indexes ended the week at 18-month highs.

Much of the rise in the US stock market can be attributed to analyst upgrades. Progressive (NYSE:PGR) rose 3.7% to $19.27 and Urban Outfitters (NASDAQ:URBN) rose 3.1% to $37.98 on upgrades from JPMorgan (NYSE:JPM). Apple (NASDAQ:AAPL) rose … [visit site to read more]


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