Las Vegas, NV, February 23, 2015 --(PR.com
)-- BrightSpark Trading LLC a leading artificial intelligence based stock trading alert service released its weekly report of the key events affecting the stock market. BrightSpark states that the large-cap stock indexes saw strong gains at the end of the holiday-shortened week, helping the markets establish all-time or multiyear highs. The Nasdaq performed best and managed to maintain momentum the longest, enjoying a streak of eight daily gains through Friday in about a year.
BrightSpark’s overall algorithms did not extend much in either direction for most of the week, although traders kept a close eye on a number of unfolding events, especially overseas. European markets fell Thursday after Germany refused a six-month extension of Greece's rescue loan agreement, which is scheduled to expire at the end of the month. Many had seen Greece's request for an extension—as opposed to a repudiation of its debt—as a significant concession on Greece's part, but German officials stated that the offer was a "Trojan horse." Reports on Friday afternoon that officials were instead nearing an agreement on a four-month extension—while appearing too late for European markets—appeared to drive a late-day surge on Wall Street.
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