Markets finally find some support to snap a four day losing streak $DAX.I
- Published: 19 November 2012
- Markets closed Friday's session on a positive note as investors were encouraged by dialogue out of Washington in regards to Fiscal Cliff negations
- Although the Dow snapped a four day losing streak the Dow still closed the week on a lower note for the fourth week in succession. The NASDAQ was weaker for the sixth week in succession, its longest bearish streak in three years
- All S&P500 sectors finished the week down, led by industrial and material stocks
- Facebook continued its recent good run by rallying a further 6.27% after it announced the expansion of its Facebook Gifts product ahead of the holiday season
- IT giant Dell fell 7.33% after it missed earnings expectations and added that the continuing tough conditions would put pressure on current quarter earnings
- Department store major Sears fell 18.79% to $47.49 despite posting a better than expected earnings report and producing a smaller than expected quarterly loss
- DOW +0.37%, S&P500 +0.48% and NASDAQ +0.57%
- The AUDUSD rallied on Friday. Gold closed flat but was weaker for the week. Crude was firmer rallying 1.8% on Mid East tensions and an oil rig fire in the Gulf of Mexico
