Stocks kicked off the week on Monday with renewed fear on European debt and the state of Europe’s economy, as the Dow dropped 100 points. Tuesday was a good day for blue chip stocks, but a poor day for tech stocks, as Apple weighed down the NASDAQ index to give that index its fifth consecutive loss. This downturn in Apple and the NASDAQ was quickly reversed on Wednesday, with an encouraging earnings report by Apple. A reassuring statement by Fed chief Ben Bernanke that interest rates will remain low also gave a boost to the market in general. On Thursday, stocks rose again despite a disappointing US jobs report. Stocks closed the week on Friday with another gain following several solid earnings reports, most notably by Amazon.
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