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Stocks rallied out of the gate on Monday morning, but once again they peaked fairly early and drifted the lower the rest of the day. Despite the lack of afternoon buying, the major indices did post moderate gains and closed at new all-time highs. The Dow gained 60-points.
Stocks opened lower on Friday after some weak retail and Producer Price reports. We saw an afternoon rally off the lows but the Dow closed with a 37-point loss, while the S&P and small caps were also down slightly, and the Nasdaq picked up a small gain.
Stocks had trouble holding on to early gains for the first three days of this week. The bulls were finally able to keep up their buying pressure on Thursday giving the three major indices, the Dow, S&P 500, and Nasdaq, new all time closing highs. Those gains were reduced slightly Friday to give just a small gain for the week.
The I-fund outperformed the TSP funds with nearly a 3% gain for the week as the dollar weakened. The S-fund lagged with a slight loss as it was the only fund
Stocks rallied on Thursday as all three major indices, the Dow, S&P 500, and the Nasdaq, all made a new all time closing high on the day. Surprisingly, that hasn't happened since 1999. The Dow gained 118-points.
Stocks opened higher yesterday, but again we saw some selling into that early strength, which has been a pattern this week. The Dow lost 37-points as the consolidation of Friday's breakout is continuing. Not all of Friday's gains have been given back, but it's getting close. Low volume and low volatility have made for some dull trading, but that's not necessarily a bad thing.