The Hunt for the Next 10 Bagger

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U.S. stocks finish with small gains, trim weekly losses
Amazon.com rallies; Fastenal drops
NEW YORK (MarketWatch)—The U.S. stock market closed higher on Friday after the main benchmarks picked up steam in late afternoon, trimming weekly losses.

The S&P 500 (SNC:SPX) closed up 2.89 points, or 0.2% at 1,967.57 and finished the week 0.9% lower. The Dow Jones Industrial Average DJI:DJIA) gained 28.74 points, or 0.2% to 16,943.81, bur recorded a 0.7% weekly loss.

The Nasdaq Composite (NASDAQ:COMP) added 19.29 points, or 0.4%, higher at 4,415.49 but was 1.6% lower over the week.

Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital, explained the reason behind shallow pullbacks: “There are lots of investors with cash who missed out on spectacular gains in 2013, so every time they see a dip, they are buying it. I suspect that often it is a retail investor, because institutional investors are more disciplined.” http://www.marketwatch.com/story/us-stocks-futures-rebound-ahead-of-wells-fargo-results-2014-07-11