On Monday, a couple of high profile buyouts failed to propel stocks past the unchanged level, as concerns over the health of the economy continue. The market finally delivered the long-awaited snapback from oversold levels on Tuesday with the Dow logging its largest gain in a month. Those gains were erased on Wednesday following rioting in Greece due to the frustration over the Mediterranean country’s economic woes. Greek debt fear abated somewhat on Thursday, as the Dow and S&P 500 made modest gains, but the NASDAQ slid once again. On Friday stocks managed moderate gains despite no clearcut solution to Greek debt.
The Dow and the S&P 500 broke their six week losing streak, although just barely.
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