Business Week in Review

 

This Week's Highlights

For the week ending Friday, March 12

• The benchmark indices finished with mixed results on Monday.

• On Tuesday, each of the indices finished higher for the session.

• Tuesday marked the one-year anniversary of the Dow’s March 9, 2009 bear-market low of 6,547.05.

• By Tuesday’s close, the Dow was up 61.4% since March 9, 2009. However, it was still down 25.4% from its record closing high of 14,164.53, reached on October 9, 2007.

• The benchmark indices finished higher on Wednesday.

• Wednesday marked the tenth anniversary of the Nasdaq’s all-time closing high of 5,048.62, reached on March 10, 2000. It is down 53.3% since then.

• Wednesday’s main economic report contained positive news: sales by wholesalers rose in January, while wholesalers’ inventories fell.

• On Thursday, the benchmark indices finished higher for the session.

• The benchmark indices finished with mixed results on Friday.

• Friday’s main economic releases contained mixed news: retail sales rose in February and business sales rose in January, while consumer sentiment fell in the first part of March.

 
U.S. Stock Indices
 

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