U.S. stocks end mostly higher to 12,231.11
Posted: Sat Oct 29, 2011 5:10 amU.S. stocks end mostly higher: Dow up 3.6% on week
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished mostly higher on Friday after moving between small gains and losses throughout the trading session. All three major benchmark indexes posted gains for the week, with the Dow Jones Industrial Average scoring its fifth-straight weekly gain. The Dow climbed 22.56 points, or 0.2%, to end at 12,231.11 to log a third-straight winning session. The S&P 500 rose 0.5 point, or 0.04%, to end at 1,285.09 while the Nasdaq Composite slipped by 1.48 points, or 0.1%, to 2,737.15, with both indexes ending 3.8% higher for the week. "When Europe didn't implode and even came up with a 'plan' to fix its pervasive debt problems, that left the shorts with no room to hide," said Brian Greenberg, owner of wealth management firm Brian Greenberg & Associates. "Now we are approaching key technical levels," he said. "The coming week will be the battle to breach these levels so they can become floor and not the ceiling for this current move."
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished mostly higher on Friday after moving between small gains and losses throughout the trading session. All three major benchmark indexes posted gains for the week, with the Dow Jones Industrial Average scoring its fifth-straight weekly gain. The Dow climbed 22.56 points, or 0.2%, to end at 12,231.11 to log a third-straight winning session. The S&P 500 rose 0.5 point, or 0.04%, to end at 1,285.09 while the Nasdaq Composite slipped by 1.48 points, or 0.1%, to 2,737.15, with both indexes ending 3.8% higher for the week. "When Europe didn't implode and even came up with a 'plan' to fix its pervasive debt problems, that left the shorts with no room to hide," said Brian Greenberg, owner of wealth management firm Brian Greenberg & Associates. "Now we are approaching key technical levels," he said. "The coming week will be the battle to breach these levels so they can become floor and not the ceiling for this current move."