Markets vacillate between weaker data and hopes for policy
Last week was a modestly negative one for stocks as investors continued to focus on a trend of weakening economic data. Additionally, many were disappointed by what was perceived to be a less-than-robust response from the Federal Reserve following its policy meeting last week. For the week, the Dow Jones Industrial Average lost 1.0% to 12,640 and the S&P 500 Index declined 0.6% to 1,335. The Nasdaq Composite bucked the trend and advanced 0.7% to 2,892.