The stock market excelled this week,with all industry groups coming out ahead as Europe was relatively quiet and Google reported strong quarterly results.For the week,the Dow was up 4.88,while the NASDAQ surged 7.60 and the S&P added 5.98%.On the year,however,the broadly based S&P remains down 2.63.Volume was light this week,showing a lack of conviction behind the good numbers.
Excelling on the PGA Champion's Tour of senior golf pros this year is American Tom Lehman,who tops the Charles Schwab Cup point standings.Lehman has three wins and 11 top ten finishes so far this season,which ends in three weeks in San Francisco.This week,the Tour is at the AT&T Championship at TPC San Antonio's Canyon Course.Fred Couples and Steve Lowery led the field with first round seven under par 65s on a hot,dry Friday.
Next week's financial calendar bulges with data and blue chip earnings.The Empire State and Philly Fed reports,together with housing data and earnings submissions by IBM,Goldman Sachs,Apple,Intel and American Express,will keep the analysts busy all week.
The S&P futures climbed a substantial 21.30 Friday evening,while longer maturity bond index futures declined.
Google(GOOG)
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