Dow Jones Industrial Average Week august 13 2011 Rises 125 Points to End Volatile

Indonesia stock info - Dow Jones Industrial Average Week august 13 2011 Rises 125 Points to End Volatile ; The Dow Jones Industrial Average finished its most volatile week since 2008 with a gain of 125 points Friday, up 1.1 percent to 11,269.

"It was a sharp and violent week in the stock market, but it's my sense that the worst is over," Michael Kaufler, a portfolio manager at Federated Investors, told The Associated Press.

The Dow Jones Industrial Average started the week with a drop of 634 points, reacting to the first-ever U.S. credit downgrade from Standard & Poor's. Tuesday saw the Dow rise 429 points, followed by a plunge of 519 points Wednesday. Thursday's report of the biggest drop in unemployment applications in four months pushed the Dow up 423 points.

Friday saw a rebound in July retail sales, pushing the Dow up in spite of a survey that put consumer confidence at a 30-year low. Last week was the first time since early July that the Dow and S&P index rose for two days in a row.

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