New York, NY (PRWEB) March 25, 2013
Stocks struggled last week but finished with small losses in spite of three of the five trading sessions being negative. The S&P 500 finished down 0.25%, and the Dow Industrials lost 0.01%. The laggards were the Dow Transports, down 1.49%, and the Bank of NY Mellon ADR index, down 1.03%. The only major index with a gain was the Nasdaq 100, up 0.5%, and helped again by a resurgent Apple Computer.
Industry groups were mixed with eleven of the twenty-four S&P industry higher last week, with a decidedly defensive tone. The leaders were Food & Staples Retailing, up 3.42%, Food, Beverage, & Tobacco, up 1.78%, Consumer Durables & Apparel, up 1.68%, and Household & Personal Products, up 1.52%. Profit taking was evident in the week’s laggards as Transportation gave back 2.27% and Diversified Financials lost 2.03%.
I, Wayne S. Kaufman, hereby certify that all of the views expressed in this research report accurately reflect my personal views about any and all of the subject issuer(s) or securities. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.
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