December 7th CEOcast Weekly Newsletter
QualityStocks (December 7th, 2009) Writes:
Companies featured in this edition of the newsletter: ACTC, CVM, ENZ, HYTM, IMUC, IWEB, NXOI, ONBI, PSID, SIHI, XSNX
Markets hit fresh highs for ‘09 yet again this week, as decreased concerns regarding the Dubai debt restructuring announcement and news that the US labor market is showing signs of recovery spurred broad based buying which led all of the major indices higher. All told, the Dow ended the week up 0.8%, gaining 79 points to close at 10388, extending its yearly gains to 18.4%. The Nasdaq gained 2.6% on the week, closing at 2194, up 39.1% on the year, while the S&P 500 and Russell 2000 gained 1.3% and 4.4% respectively, bringing their YTD gains to 22.4% and 20.7%.
Concerns stemming from the post-Thanksgiving announcement that Dubai was attempting to restructure debt subsided early in the week, as investors recognized that US exposure to the debt was minimal,
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