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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
Wall Street closed sharply higher Friday, following a boost in European and American bank stocks. The Dow Jones industrial average gained more than 300 points Friday, snapping a five-day losing streak but it had still lost about 1.4 percent for the week. I think people are finally seeing lots of things worth buying, Adrian Day,chairman and CEO of Adrian Day Asset Management, said Friday.