rallies to its highest level since November 2000 $NZDCAD
- Published: 07 March 2013
- Stocks closed the week out on a positive note led by strong gains in the NASDAQ which reached a 13 year high. Despite Friday's gains the market's weekly return was mixed with the DOW down -0.12%, S&P500 +0.31% and the NASDAQ +0.46%.
- Leading the gains on the Dow for the week was United Health while Pfizer led the losses. In the S&P500 consumer staples rallied higher while telecoms lagged
- In economic news the US Trade Deficit narrowed to its smallest margin in three years which could lead to an upwardly revised fourth quarter GDP figure
- LinkedIn surged higher after positing earnings that breezed past expectations. The professional networking giant rallied 21.27% post the announcement
- CIT Group rallied 1.71% on reports the bank holding company may be bought out
- Activision Blizzard rallied 11.19% after beating earnings and topping forecasts
- DOW +0.35%, S&P500 +0.57% and NASDAQ +0.91%
- USD rallied against the EUR due to poor German trade data, AUD and NZD gained
- Gold eased 0.3% on softer safe haven demand, Crude was mixed and finished -0.3%
