Stocks Profile

After failing to vanquish S&P 500 1100 on a few occasions lately, bulls had too much at stake to not conquer and close above that level Friday.

It was a duel, but mission accomplished. Hard to say stocks were boosted by European bank stress tests, since most of what we’ve seen so far derides the methodology.

The euro initially sold off after the tests but came storming back, and true to recent script, US stocks tagged along with the dollar ending lower. Industrials, materials and consumer discretionary lead the advance.

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