The Dow snapped a 4-day winning streak when it closed down 1.1% on Monday. Despite early optimism, stocks sank as the likelihood of a Spanish bank bailout faded. The S&P 500 and Nasdaq fell 1.3% and 1.7%, respectively. Somewhat paradoxically, U.S. stocks surged Tuesday despite the on-going bleakness in Europe. The Dow climbed 1.3% while the S&P 500 gained 1.2%. The markets fell Wednesday as worries about Europe and weak U.S. economic data dominated investors’ outlook. Broad market indexes were off between 0.6% and 0.9%. In a “bad news is good news” scenario, stocks lifted Thursday on the expectation that central bankers will come to the rescue as the U.S. recovery continues to sputter and Europe is awash in debt woes. The Dow gained 1.2% and the S&P 500 was up 1.1%. The Dow saw another triple-digit gain Friday as investors continue to focus on an intervention from the Federal Reserve and European Central Bank to stabilize markets. The Dow, S&P 500, and Nasdaq gained 0.9%, 1.0%, and 1.3%, respectively.

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