US stocks have the best week of the year

2 July 2016, 06:40
Sherif Hasan

S&P up 3.22% on the week.

The US major indices are closing the week up nicely.  The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15%.

If I would've surveyed hundred traders as to which major stock indices would lead the way this week, 100 out of 100 would not have guessed the UK FTSE. It was the strongest half +7.15%. Spain's Ibex was up 6.18%. The Euro stock index was up 3.85% and the German DAX brought up the rear at up 2.29%

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