The Dow and S&P finished this week in positive territory and today’s gains sent the Dow positive for the year. On the day the Dow gained .3%, the S&P gained .14%, and the Nasdaq dropped .2%. Although the gains for the Dow, 28 points, were small they were enough to push the index up .26% on the year. Despite being down the Nasdaq is still out performing the Dow and S&P (+5% YTD) on the year as the Nasdaq is up 18%. This week added to the impressive totals the Dow and S&P have made since March 9th while the Nasdaq was down .1% on the week it is still performing the best in the last three months. Since March 9th, when the indexes were bottoming out at 12 year lows, the Dow, S&P, and Nasdaq have gained 34%, 40%, and 47% respectively. The markets were held to modest gains this week as the price of oil and gas has continued to surge in the recent days. Oil closed the trading session at $72.25 a barrel. Oil has surged more than 60% since March 9th when the markets bottomed and Fiscal Frenzy recommended a buy in oil. Despite the recent surge in oil this week the energy sector was not as strong but still outperformed the markets by rising 1.36%.




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