EVERYTHING RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know

Roller Coaster

Photo: Wikipedia

The week has clearly ended on a positive note, although we’ve now seen four straight weeks of declines.But first, the scoreboard:

Dow: +37.20
NASDAQ: +5.26
S&P 500: +5.26

And now, the top stories:

  • Really, it was super quiet and nothing happened. Probably the most notable thing was that China declined hard again, and has now fallen 11% from its recent high.
  • In the very early going, there was a little bit of excitement when Belgian lender Dexia was halted, but ultimately it didn’t turn out to be much.
  • In the US, spending data came in a little light, but it didn’t matter. The dip is being bought, and stocks are higher again. Big day for everything that wasn’t the dollar.
  • For some interesting visual tantalization, here’s a satellite look at Spain’s housing disaster.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.