Weekly Market Review ~ Friday, 10/14/11
Stocks roared to almost a 3% gain on Monday after Germany and France vowed to assemble a “comprehensive package” to introduce more capital to European banks in the near future. On Tuesday stocks finished near the unchanged mark as a 55 session streak of at least a 100-point intraday swing in the Dow was broken. That streak was re-established on Wednesday with a 102 point gain in the Dow, as the third quarter earnings season kicked off with a disappointing report from Alcoa. On Thursday, disappointing earnings from JP Morgan Chase led down banking stocks and the market in general. Stocks finished the week on an up note on Friday, as the Dow finished the week with its longest weekly winning streak in six months. [table id=32 /]