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Stocks Positive for the Week After Third Day of Gains

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Stocks lumbered along on Friday and finished flat for the session, but the major indices still managed to overcome a sharp selloff on Monday and end the week with slight gains. And the market accomplished this turnaround in the second half of September, which is known as the toughest time of the year for stocks. The headline is downright dull today with the S&P rising 0.15% to 4455.48 and the Dow up 0.10% (or about 33 points) to 34,798, giving these indices weekly gains of 0.5% and 0.6%, respectively. Even the NASDAQ finished around the flatline (after a late session surge) by dipping only 0.03% (or less than 5 points) to 15,047.70, putting it up by less than four points over the five days. However, these performances become much more impressive when you consider how this week started, namely with a sharp selloff of 1.7% or more on Monday for each of the indices. So the S&P and NASDAQ ended a two-week skid today, while the Dow is back in the green after a three-week slump. Not a bad turn of events for September. Obviously, the Fed played the right tune on Wednesday by keeping the stimulus measures in place for now, but warning that conditions are good enough to start thinking about scaling back the asset purchases. Many people think the Committee will start the ball rolling before the end of........

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