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(Best Syndication News) Markets in Japan and Mainland China were closed Monday, however the Hang Seng (Hong Kong) stock exchange was open and trending higher (see the stock chars below).
Last week the Dow Jones Industrial Average (DJIA) closed up more than 1.5 percent, mostly because of positive earnings reports. The sovereign debt issues continued to fester in Spain and some economic indicators were less than expected.
Home prices were lower, according to Standard and Poor’s, and the Gross Domestic Product (GDP) grew only 2.2 percent in the first quarter, according to data released by the U.S. Department of Commerce. Investors continued to buy equities despite the negative news.