FEARS ARE RECEDING, From Bob Doll, vice chairman and chief equity strategist, BlackRock

Equity markets advanced for the second consecutive week as fears of contagion from the European sovereign debt crisis continued to recede somewhat. For the week, the Dow Jones Industrial Average climbed 2.4% to 10,451, the S&P 500 Index advanced 2.4% to 1,118 and the Nasdaq Composite rose 3.0% to 2,310.

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