Weekly wrap-up

Stocks spent most of the Friday in red until the last 45 minutes of trading. The trend was rather sharp yet it lacked the volume. S&P 500 managed to finish the week with a choppy gain, up around 1.6%. Energy sector was one of the major winner sectors of S&P . It was up almost 6.5% mid-week however, participants decided to take profit and pulled the sector back a bit to a 4% gain for the week.

30-year treasury yield finished the week at 4.64%. Treasuries have been on a steep decline in the past 20 years. In July 1989 the yield for a 30-year treasury was finding buyers at 9.07%

In the next week's economical calendar, we have 4 market moving indicators, three on Tuesday and one on Wednesday.
On Monday at 1pm, will be released the housing market index data. On Tuesday there are several market movers; housing starts at 8.30am, PPI ( Producer Price Index) at 8.30am and finally the Industrial production at 9.15am. Wednesday will bring us the CPI (Consumer Price Index) at 8.30am.
On Thursday at 8.30am jobless claims data will be released.

Also, in the next week's earnings highlights, Goldman Sachs (GS) is expected to release their quarterly report on Monday. Research in Motion (RIMM) is on Thursday.