Stocks suffered their worst fall of the year this week,with the S&P 500 Index dropping 0.74% on fears about Spain's debt problem and the Federal Reserve's reluctance to provide further aid to the market.For the year,however,the S&P is still up an impressive 11.17%.
The CBOE VIX Volatility Index rose 7.74% on the week.
At The Masters golf tournament in Augusta,Georgia,Phil Mickelson,41,continued to progress,shooting a second round two under par 68 after Thursday's initial struggles had yielded only a 74.Mickelson's round was second only to 52 year-old Fred Couples' 67.Couples and Jason Dufner shared the top of the leaderboard at five under heading into Easter weekend.
Tiger Woods cursed as he shot a poor second round 75 at the majestic Augusta National course famous for its pine trees.It is the first of the year's four major tournaments.
The S&P futures fell a modest 3.48 on Friday in response to the Labor Department's disappointing employment report showing a March jobs gain well below expectations.Bond index futures rose in price.
Next week,earnings season gets underway with Alcoa reporting its Q1 results.
Alcoa(AA)
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