Monday, April 28, 2008

Dow Jones Ends Up 43

Investors have apparently overcome their worries and Wall Street ended its second straight winning week with a moderate advance on Friday. After slumping early in the session in response to weak consumer confidence and a spike in oil prices, investors seemed to turn their attention to broader signs. This included the week's generally satisfactory earnings reports. This suggested that government efforts to steady the economy appear to be working. That shift in focus sent stocks up late in the day.

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