The Best of the Week
It was a good week for the Dow, finishing up 466.89 points (4.32 percent) to 11284.54.
The S&P 500 rose 15.25 points (1.31 percent) to 1177.60 last week and the Nasdaq increased 138.01 points (5.89 percent) to 2479.85.
These figures all represented four-week highs last since for the week ending on July 1.
The VIX closed at 42.44 on Monday, before finishing the week with a Friday close of 35.59.
For most of the week, traders impatiently awaited Fed Chief Bernanke's Jackson Hole remarks, which turned out to be anti-climatic. Worries of Hurricane Irene hitting the east coast consumed market watchers at week's end. Apple's Steve Jobs resigned and S&P also announced a change in leadership.
Looking at the week ahead, here's some numbers on the docket.
Monday: Personal income and spending for July, pending Home Sales for July and Dallas Fed Index for August
Tuesday: S&P/Case-Shiller Home Price Indexes for June and the second quarter and Consumer Confidence for August
Wednesday: MBA Mortgage Applications, Challenger Gray & Christmas Layoff Announcements, ADP Employment, Chicago ISM for August and Factory Orders for July
Thursday: Car and truck sales for August, jobless claims, ISM manufacturing index for August and construction spending for July
Friday: Nonfarm Payrolls and unemployment for August
Tuesday: Speech by Minneapolis Fed President Narayana Kocherlakota and FOMC Minutes for the August 9 Meeting
Wednesday: Speech by Atlanta Fed President Lockhart on the U.S. economy
Thursday: Speech by Fed Governor Elizabeth Duke on housing
Wednesday: Joy Global, SAIC and Brown-Forman
Thursday: H&R Block
Friday: Campbell Soup
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