The Dow broke a nine-week Monday losing streak to finish in the black for the first time since late May on the first day of the week, as concern over European debt has diminished for the moment. On Tuesday the S&P 500 finished above the 1400 mark for the first time in three months, as investors were heartened by the suggestion from a Fed official that the Fed should instigate a bond-buying program to stimulate the economy. The Dow followed suit on Wednesday by setting its own three month high. On Thursday the major indexes finished near the unchanged mark, as US initial jobless claims were largely in line with expectations. Stocks finished up on Friday once again. While the gain was minimal, continued optimism over world central bank action is forthcoming continue to push the major indexes to multi-month highs.
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