An uptick in equities on Friday couldn’t overcome the four-day downdraft across the board that preceded it.
An easy-does-it approach from the Federal Reserve’s monetary policy committee calmed immediate investor anxiety about future rate hikes.
Bulls and bears duked it out last week, with the Dow experiencing multiple triple-digit intraday swings.
Good news about unemployment proved bad news for the equities markets.
Equities markets were mildly buoyed by Federal Reserve Chair Janet Yellen’s congressional testimony and the grudging approval of Greece’s plans for qualifying for additional assistance.
Reprieve relief: Even a temporary agreement about Greek debt helped equities edge upward. Friday’s relief rally gave the S&P 500 its third straight week of gains, though the Nasdaq continued to lead the pack.
Domestic equities continued to shake off their winter chill as the S&P 500 and Russell 2000 squeaked into record territory once again.
Hit the reset button: A rebound in the price of oil and some promising economic data helped equities recoup their losses of the week before, returning them to roughly even for the year.
The strength of the U.S. dollar contributed to weak Q4 earnings reports from some major blue-chip companies that earn a substantial portion of their revenues overseas.
It was a clean sweep for the Nasdaq as it posted gains on all four days of a market week shortened by Martin Luther King Day.