The FTSE ended the week with a gain of 2.4% to close at 4149.5, the intraday high for the week was 4317.6 and the low 3956.7. The Banks led the gains, the industry index showed an increase of 18% for the banking sector last week, whilst the Leisure Goods industry lost 13%.

All US indices were down slightly in the fourth consecutive week of declines.  The Dow fell 76.70 points, or 0.95%, to close the week at 8000.86. The S&P lost 6.07 points, or 0.73%, to 825.88. The NASDAQ was flat, down just 0.87 points to 1476.42.  Things were even worse for small cap stocks with the Russell 2000 losing 11.20%. January has proven to be a tough month for the S&P and Dow, which both fell about 9% the largest January sell-off ever for both indexes. The Nasdaq fell about 6% in January.

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admin :: Feb.02.2009 :: Spread Betting :: No Comments »