(PRWEB) April 02, 2013
Stocks overcame Cypress jitters and traded broadly higher last week as the S&P 500 finally joined the Dow Industrials and made an all-time closing high Friday.
Major indexes were led on the week by The Dow Transports, up 1.22%, and the S&P Midcap 400, up 1.15%. The only major index with a loss was the Bank of NY Mellon ADR Index, down 0.62%.
Industry groups were mostly higher with twenty of the twenty-four S&P industry up last week. The leaders were Pharmaceuticals, Biotech, & Life Sciences, up 2.58%, Utilities, up 2.36%, and Semiconductors & Equipment, up 2.12%. Laggards were Technology Hardware & Equipment, down 1.25%, Diversified Financials, down 0.85%, and Capital Goods, down 0.21%.
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