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Markets Clear Technical Hurdle

by on October 22, 2011

Earnings season is well underway and investors on Wall Street appear to be quite content with the latest round of corporate performance results from industry leaders. Debt-woes stemming from the Euro zone continue to dominate headlines as investors anxiously await for policymakers to agree upon a comprehensive plan in the near future. Domestic equity indexes climbed higher on Friday to end the week in solid green territory, bolstered by optimism over McDonald’s better-than-expected earnings and the upcoming European Union summit. Gold prices oscillated between the $1,700 and $1,600 levels during the week, with the precious metal settling around $1,640 an ounce on Friday. [click to continue…]

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