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Wild Week in Stocks Ends Slightly Positive
Stocks opened and closed last week with gains, but the other three trading days were downers. While some indexes lost ground last week, others managed to rise. The big multinationals led the laggards due to a strengthening dollar which hurts overseas business.
Stocks have been trading within a narrow range for the past several weeks, even as the price of oil has risen from a very low level which would generally be bullish for stocks. True, energy stocks have benefited, but the overall domestic and overseas markets remain in a funk.