Wealth Management Blog | WrapManager

BlackRock - Weekly Commentary

Written by Michael J. O'Connor | May 26, 2010

Stocks continued to face high levels of volatility last week as a strong rebound in prices early on gave way to renewed weakness by week's end. Overall, markets did manage to post gains, with the Dow Jones Industrial Average rising 2.3% to 10,620, the SP500 Index advancing 2.2% to 1,136 and the Nasdaq Composite gaining 3.6% to end the week at 2,347. Following these gains, stocks moved back into positive territory for the year.