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U.S. stocks rally on JPMorgan; Dow and S&P end 6-day losing stretch

By FXstreet.com,  July 13, 2012, 04:25:00 PM EDT

FXstreet.com (San Francisco) - U.S. stocks finally posted gains this Friday, bringing an end to the longest losing streak since May; the rally was lead by news that J.P. Morgan Chase & Co. reported better than expected quarterly results.

The Dow Jones Industrial Average rallied 203.82 points, or 1.6%, to 12,777.09 after six days of closing in red, finishing up 0.04% from last Friday. The S&P 500 gained 22.01 points, or 1.7%, to 1,356.77, finishing 0.2% higher this week. The Nasdaq Composite climbed 42.28 points, or 1.5%, to 2,908.47, finishing down 1% for the week.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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