The stock market turned a solid performance after months of news lows and uncertainy. It wasn't double digit growth but the main indexes Dow, Nasdaq and S&P each climbed greater than 7% during July.
Dow +8.4%
Nasdaq +7.8%
S&P 500 +7.4%
The Wall Street Journalreports that July, 2009 was the best monthly performance for the Dow since October, 2002. Overall the Dow is still over 35% below its peak but at least investors have some renewed confidence seeing the Dow back above 9,000. For the rally to continue we are going to need some good earnings reports and a lack of scary economic figures that cause stocks to trend southward again.
The stock market turned a solid performance after months of news lows and uncertainy. It wasn't double digit growth but the main indexes Dow, Nasdaq and S&P each climbed greater than 7% during July.
