Hopeful noises from Europe and the conclusion of the health care debate in Congress helped the market score a fourth consecutive weekly gain.The Dow Jones Industrial Average closed up 1.0,while the NASDAQ pegged 0.9 and the S&P gained 0.6 for the week.It seems that the European Union has at least the semblance of a plan to deal with the Greek debt crisis and Congress has gone home for the Easter recess,having put the final touches on the new health insurance reform law.At the same time,the headwind of poor housing data kept the market in check,and volume was still on the light side.
Next week's big financial event happens on Good Friday,with the stock exchanges being closed,but business journalists busy with the employment report Friday morning.The trading week will have limited significance,given the crucial report waiting beyond its reach.It will be a week looking to the following week's reaction to the report.Nonetheless,the S&P futures were up 0.80 early this evening.
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