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.
A surprise move by Switzerland’s central bank made already unsettled financial markets even more volatile.
It was a grim week, not only in France but in financial markets worldwide. Despite a mid-week bounce, equities prices continued to follow oil on a downward path.
A couple of disappointing economic reports coupled with year-end tax maneuvers put the few traders who were at their desks last week in selling mode.
Profit-taking from 2013’s strong run as well as currency and credit problems in several emerging markets threatened to derail the stock market as 2014 began.