Markets end the week on a softer note $WYNN:xnas
- Published: 05 March 2012
- Stocks ended the week on a softer note after a lack of economic data and recent strong gains saw investors take a cautious note into the w/e
- Both the Dow and NASDAQ hit significant milestones during the week with the Dow finishing above 13000 on Tuesday and the NASDAQ closing the session above the important 3000 level on Wednesday
- Casino operator Wynn jumped 4.27% despite their lodgement for a second casino operation in Macu proving to be a mistake
- The Yelp IPO performed well closing 63.87% after its first day on the market. The consumer review website was listed at an open price of $15
- Leading the moves on the DOW were AXP and CAT -1.08% & -0.79%
- DOW –0.02%, S&P500 –0.32% and NASDAQ –0.43%
- USD was stronger as the EUR fell to a low of 1.3179, the AUD was also weaker falling to a 1.0721 low before bouncing off support levels
- Gold capped its biggest weekly loss since December due to USD strength. Crude fell 2% on Friday on comments from President Obama
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