Dom . It looks like well try that recovery trade from yesterdays late day selloff here. Stocks are broadly higher and to a decent degree. 250point gain for the dow about 1 upside. The s p 500 still very much above that 3,400 area. Thats an area that a lot of traders are looking at as a pattern of support there possibly for the markets up 1 , and the nasdaq, believe it or not, is underperforming, only up threequarters of 1 as well so the nasdaq a key focus there. If you take a look at some of the things that traders are watching from a more macro perspective. Interest rates, especially longer term ones are a very key focus here we dont show the 30year long bond very often. We focus on the tenyear more but that move to the upside has taken that 30year long bond beeld 1. 592 above its longer term trend line or the 200day average yield for that particular Interest Rate 1. 52 is the level to watch there. That could have reverberations on the financial side of the market also then check out
Year. As we close the book on 2012. Gains for all three major indices over the past 52 weeks as the bells ring on wall street, minds on both washington and the rally on your screen 170 points for the Dow Jones Industrials. And look at the 2 gain for the nasdaq, even better for the russell 2000. David okay. Im guessing now, unless the producer tells me otherwise, we are ending at the days highs or very chose to it on both the nasdaq and the dow. Gold also shining today and, of course, for the year. For the session gold gained almost 20 to end the year at 675 an ounce. The commodity 1675 an ounce. This is the 12th consecutive yearly rise for gold. It was, however, the smallest yearly gain since 2008. Liz look at silver. Silver a big story today, ending in the between for 2012 as well. The commodity gaining 8. 3 over the past 52 weeks finishing at 30. 23 an ounce. David now, on the other hand, not all commodities did well. Oil did not have such a stellar year. Today, of course, crude rall
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The S&P 500 ended the week at 5,234.18, up 2.3%; the Dow Jones at 39,475.90, up 1.98%; the tech-heavy Nasdaq at 16,428.82, up 2.9%; and the small caps Russell 2000 at 2,072.00, up 1.60%.