Tuesday 17, July 2012 by Bob Doll
Bull market has been buffeted, but remains intact
During a relatively modest week in terms of trading activity, stocks managed to stage a rally on Friday that helped erase the declines of the previous four days. For the week as a whole, stocks were flat to mixed, with the Dow Jones Industrial Average up fractionally to 12,777, the S&P 500 Index advancing 0.2% to 1,356 and the Nasdaq Composite falling 1.0% to 2,908. Taking a slightly longer-term view, we would note that stocks have been rising gradually since early June and are currently up about 5% from their early June lows.
