STTG Market Recap Apr 29, 2013
Stocks finished at an all time high on the S&P 500 as all news is good news continues to be the mantra. The S&P 500 finished up 0.72% and the NASDAQ 0.85% as the correction of a week and a half ago is now a distant memory. The swearing in of a government in Italy seemed to make markets happy as the Italian market jumped 2.2%. The European Central Bank meets this week and expectations are now high for a rate cut. The tech sector took the lead in U.S. markets Monday which would be a welcome development.
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