Friday, May 27, 2011

Cavaliers Move On,Market Does Not

The Virginia Cavaliers moved on in the ACC Baseball Championship in Durham,North Carolina didn't faze the Cavs,who topped Pool A with a 2-0 record.The Canes mounted a comeback when they loaded the bases in the bottom of the eighth,but were ultimately shut down by Cavs reliever Branden Kline,who got the save.
The stock market did not progress this week,ending with slight losses on continued European debt fears,poor pending home sales and doubts about the consumer.For the week,the Dow slipped 0.6,while the S&P and NASDAQ edged 0.2 lower.
Next week will be back-loaded by Friday's employment data,with the ISM manufacturing figures on Wednesday and chain store sales on Thursday also possible influences on trading,along with the European debt crisis and the U.S. budget deficit.The S&P futures nontheless traded up 3.40 Friday evening,and bond index futures also rose as traders felt cautious ahead of overseas markets and governments being open Monday morning.

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