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“The market is starving for something decent to look at,” said president of financial planning firm Russell & Company, Rob Russell. The direction of the economy is of continued concern with investors.

Stocks rallied an average of 1.7 percent surging 165 points on Friday for the Dow Jones industrial average, with the S&P 500 jumping 1.7 percent or 17 points, and the Nasdaq composite climbed 1.7 percent or 35 points.

These gains enabled the major indexes to end the day in positive territory however they closed the week in the red. Despite economic data released earlier in the week, stocks sharply fell under the 10,000 mark for the first time since July.

Fed Chairman, Ben Bernanke said that the Fed has the ability to support continued growth but acknowledged that recovery is sputtering. The GDP for the second quarter was revised sharply lower. This is the broadest measure of economic activity.

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