DJIA / Market Close for Week Ending Friday, February 10, 2012

The Dow lost -89.23 (-0.69%) to close at 12,801.23. The only Dow component with a gain today was Home Depot (HD). However I see it has lost that gain plus somee in after-hours trade.

So HD, KO, WMT, KFT, DIS and PG were the best performing Dow components this day, and as I said, HD was the only gainer (sort of).

Since its Friday, we shall run through the stats.

For the week, DJIA was down -0.5%, Nasdaq -0.1%, S&P 500 -0.2% and Russell 2000 -2.1%.

Year-to-date, DJIA is up +4.8%, Nasdaq +11.5%, S&P 500 +6.8% and Russell 2000 +9.8%.

Also year-to-date, my favorite mutual funds, PSVIX and ODVYX are up +6.20% and +11.49% respectively. Remember, last week they were sitting at +5.82% and +11.73% respectively for the year. So, not much change.

A Greece bailout package could be signed as early as next week, when eurozone finance ministers are due to meet again if they meet the conditions set. I wouldn’t count on it though. Its too far until the do or die deadline in March.

After European markets closed for the week, Standard & Poors’ downgraded 34 out of 37 Italian banks.

The dollar was rose against the euro, British pound and Japanese yen.

Oil for March delivery dropped $1.17 to $98.67 a barrel.

Gold futures for April delivery dropped $15.70 to $1,723.30 an ounce.

The price on the benchmark 10-year U.S. Treasury was up, pushing the yield down to 1.96% from 2.05% late Thursday.

Home Depot (HD) reports earnings on 2/21/2012 before the market open.

Kraft Foods (KFT) reports earnings on 2/21/2012 after the market close.

Wal-Mart (WMT) reports earnings on 2/21/2012 before the market open.

Hewlett Packard (HPQ) reports earnings on 2/22/2012 after the market close.

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