Stocks end the week on a two month high

[Chris]

NEW YORK (CNNMoney.com) -- Stocks inched higher Friday as better-than-expected earnings from Citigroup, General Electric and Google, helped stretch the recent advance to a sixth straight week.

The Dow Jones industrial average (INDU) added 6 points or less than 0.1%. The S&P 500 (SPX) index rose 4 points or 0.5%. Both ended at more than two-month highs.

The Nasdaq composite (COMP) gained 2 points or 0.2%, ending at a more than five-month high.

CNNMoney.com Market Report - Apr. 17, 2009

 

[manu1959]

from the article...

Quarterly results: Citigroup (C, Fortune 500) reported a quarterly profit Friday morning, due to strength in its investment banking division. But after paying out preferred dividends, results amounted to a per-share loss of 18 cents. Nonetheless, that was smaller than the 34-cent per share loss analysts expected. Shares of the Dow component fell 9%.

yea....we lost money but not as much as someone predicited.....

 

[Chris]

from the article...

Quarterly results: Citigroup (C, Fortune 500) reported a quarterly profit Friday morning, due to strength in its investment banking division. But after paying out preferred dividends, results amounted to a per-share loss of 18 cents. Nonetheless, that was smaller than the 34-cent per share loss analysts expected. Shares of the Dow component fell 9%.

yea....we lost money but not as much as someone predicited.....

Confidence is returning to the system.

The tide has turned.

 

[Toro]

The rally is getting a little extended, and a pullback would be healthy and probably expected. However, we are near some interesting technical areas, there is a mountain of cash on the sidelines and the hedge funds are sitting in cash and have not caught this move, which means we could break into the 900s soon.

But I'd expect a pullback.

 

[Iriemon]

NEW YORK (CNNMoney.com) -- Stocks inched higher Friday as better-than-expected earnings from Citigroup, General Electric and Google, helped stretch the recent advance to a sixth straight week.

The Dow Jones industrial average (INDU) added 6 points or less than 0.1%. The S&P 500 (SPX) index rose 4 points or 0.5%. Both ended at more than two-month highs.

The Nasdaq composite (COMP) gained 2 points or 0.2%, ending at a more than five-month high.

CNNMoney.com Market Report - Apr. 17, 2009

Many of our conservative friends have said the market shows what investors think of Obama's actions.

This says they think they're on the right track.