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Equity Market Weekly

Equity Market Weekly (pdf)
July 2, 2009

Overview

Stocks rose on low volumes in the holiday-shortened week on mixed economic data, M&A news and analysts' adjusted estimates ahead of second quarter earnings season. For week, the Dow Jones Industrial Average, the Standard & Poor's 500 Index and NASDAQ Composite rose 0.78%, 0.48% and 0.41% respectively.

**Priced as of Wednesday, July 1, 2009.

Economics

Economic data again sent mixed signals this week. Manufacturing and housing data was better than expected but surprisingly weak consumer confidence and employment data kept sentiment in check. Nonfarm payrolls were significantly below expectations and the unemployment rate hit 9.5%, the highest level since August 1983.

Company

Mixed earnings reports from a variety of sectors trickled in this week, while a round of M&A activity captured headlines on deals in the master limited partnership and human-resource consulting arenas.

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