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The Honolulu Advertiser
Posted on: Saturday, March 13, 2010

Market sees modest end to strong week


Associated Press

NEW YORK Mixed economic reports held the stock market to only modest moves yesterday, but gains for the week were strong.

Uneven figures on retail sales and consumer confidence gave investors little new insight into the economy. The reports failed to propel the market higher a day after the Standard & Poor's 500 index closed at its highest level in 17 months.

Major stock indicators climbed for the week after investors grew more upbeat about the health of banks.

The coming week could provide important signals about the economy as the Federal Reserve's interest rate committee meets Tuesday.