The S&P 500 index managed to climb 0.4% last week, to a fresh closing high at the conclusion of a short but turbulent week for U.S. stocks. The week began quietly with the U.S. stock market closed Monday following the Independence Day holiday, but was marked by shard moves later in the week. It reached a then new closing high on Wednesday at 4,358.13 but tumbled Thursday after the Labor Department’s report of weekly jobless claims showed a surprise increase that sparked concern about the strength of the U.S. economic recovery.
However, investors came in Friday to buy the dip and ultimately send the index up to more fresh records. Listen for more.
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