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Weekly Economic Update for the Week of May 17, 2010
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Gold soars, euro slips, rumors plague EU. Retail sales up 0.4% in April. Reuters: a gain in consumer sentiment. In May’s preliminary Reuters/University of Michigan poll, the index read 73.3, better than April’s 72.2. The survey’s one-year inflation expectations index read 3.1%, the highest mark in 11 months.4 Industrial output on the rise. On Friday, the Federal Reserve noted a 0.8% gain in industrial production for April. This follows up a 0.2% advance recorded in March.3 Up, down … up, down … and finally, up. Big swings ruled the market last week – but make no mistake, it was a winning week for equities. At the Friday close, the Dow stood at 10,620.16 after a 2.31% advance across five trading days. Last week, the NASDAQ rose 3.58% while the S&P 500 gained 2.23%. The Russell 2000 gained 6.28% last week.5 % Change Y-T-D 1-Yr Chg 5-Yr Avg 10-Yr Avg DJIA +1.84 +27.47 +0.95 -0.17 NASDAQ +3.42 +38.93 +3.74 -3.49 S&P 500 +1.85 +27.17 -0.32 -2.18 Real Yield 5/14 1 Yr Ago 5 Yrs Ago 10 Yrs Ago 10YrTIPS 1.26% 1.68% 1.66% 4.34% Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. Citations. 1 -nytimes.com/2010/05/15/business/15markets.html?src=me [5/14/10] 2 - online.wsj.com/article/BT-CO-20100514-713372.html?mod=WSJ_latestheadlines [5/14/10] 3 - 4 - cnbc.com/id/37148851/ [5/14/10] 5 - cnbc.com/id/37155847 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=DJIA&close_date=5%2F14%2F09&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=COMP&close_date=5%2F14%2F09&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=SPX&close_date=5%2F14%2F09&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=DJIA&close_date=5%2F13%2F05&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=COMP&close_date=5%2F13%2F05&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=SPX&close_date=5%2F13%2F05&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=DJIA&close_date=5%2F15%2F00&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=COMP&close_date=5%2F15%2F00&x=0&y=0 [5/14/10] 6 - bigcharts.marketwatch.com/historical/default.asp?detect=1&symbol=SPX&close_date=5%2F15%2F00&x=0&y=0 [5/14/10] 7 - ustreas.gov/offices/domestic-finance/debt-management/interest-rate/real_yield.shtml [5/14/10] 7 - ustreas.gov/offices/domestic-finance/debt-management/interest-rate/real_yield_historical.shtml [5/14/10] 8 - treasurydirect.gov/instit/annceresult/press/preanre/2000/ofm11200.pdf [1/12/00]
(Source: CNBC.com, BigCharts.com, ustreas.gov, bls.gov, 5/14/10)5,6,7,8
