After a dismal week, the stock market closed ahead this Friday.
The Dow finished at +59.11 (12,043.72).
The Nasdaq closed out at +14.59 (2,715.61).
The S&P 500 ended at +9.12 (1.304.23).
Oil still remains high at $100.71 per barrel.
While U.S. stocks were on the rise, the devastating earthquake in Japan sent their economy smashing.
According to Fortune CNN, the cost of insuring against Japanese debt rose 6% after the tragedy. The article quotes Julian Jessop of Capital Economics as saying, “Japan's economic recovery has lost momentum and a large part of the reconstruction costs will add to the government's significant debt burden.”
As debris is cleared, the financial toll will become more prevalent.
Find out more about the earthquake and Tsunami and how you can donate here.
