Market Commentary 10/20/2008
The Markets
The major indexes found positive ground last week after dropping precipitously the week prior. Trading see-sawed throughout the week as the markets sought an end to the decline. The Dow finished the week up 4.79 percent to 8,852.22. The S&P gained 4.61 percent to end the week at 940.55, and the NASDAQ added 3.75 percent to close the week at 1,711.29.
Source: Morningstar.com. * Past performance is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Three and five-year returns are annualized. The S&P, excluding “1 Week” returns, is a reflection of return to an investor, by reinvesting dividends after the deduction of withholding tax.
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