Company earnings in both the US and Europe helped stock markets finish mostly higher on Friday. US Durable Goods was the major headline economic news item for the day and the reading was weak overall but was not weak enough to see traders hit the sell button with any conviction. The technology heavy Nasdaq Index broke records again as traders cheered some strong tech stock earnings and buyers came for Microsoft buying it up by as much as 10%.
If you tried to pick a major theme for financial markets last week you’d likely struggle however there is more than enough news coming this week to give us something to talk about by the weeks end.
It appears the Greeks and European leaders made little progress on the debt and loan issues and this subject will no doubt simmer throughout the week with Greece due to pay some big bills next month and right now it has no money to make those payments.
LTG GoldRock Members can check this Morning's GoldRock Insider Report for the full run down on what will be happening in the markets this week and any upcoming Trades.
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