Month: September 2013

September 29. 2013

Market Review

Last week, all three major U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average slumped 1.3 percent to close at 15,258.24. The S&P 500 decreased 1.1 percent to close at 1,691.75. Both the S&P 500 index and Dow industrials recorded their first weekly drop in four. The Nasdaq eked out a small gain of 0.2 percent for the week to end at 3,781.59. All 10 S&P sectors ended in the red for the week, dragged by consumer staples and financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 15. Read More

September 22. 2013

Market Review

All three U.S. major averages rallied last week. The Dow Jones Industrial Average rose 0.5 percent from the prior Friday's close, to end at 15,451.09. The blue-chip index set an all-time high on Wednesday. The S&P 500 soared 1.3 percent for the week to end at 1,709.91. The broad index is up 4.7 percent for September, rebounding from its worst month since May 2012. The Nasdaq climbed 1.4 percent to finish at 3,774.73. All three major U.S. averages finished in the black for the third-straight week. Most key S&P sectors ended in positive territory for the week, led by industrials and utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 13. Read More

September 15. 2013

Market Review

U.S. stocks rallied for the week with all three major averages posting their second-straight week of gains. For the week, the Dow Jones Industrial Average jumped 3.0 percent to close at 15,376.06. The blue-chip average posted its second best weekly gain this year. The S&P 500 soared 2 percent in five trading days to 1,687.99, its best week in two months. The Nasdaq climbed 1.7 percent to 3,722.18. So far for the month, all three averages are up more than 3 percent. All 10 S&P sectors finished higher for the week, led by industrials and consumer discretionary. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished unchanged near 14. Read More

September 08. 2013

Market Review

Last week all three major U.S. indexes finished the week with gains. The Dow Jones Industrial Average gained of 0.8 percent for the holiday-shortened week to close at 14,922.50. The blue-chip benchmark snapped a four-week losing streak. The S&P 500 rallied 1.4 percent to finish at 1,655.17. The Nasdaq jumped 2.0 percent to end at 3,133.38. Among the key S&P sectors, health care the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 16. Read More

September 01. 2013

Market Review

Right in line, with our recent call, U.S. stocks closed in negative territory for the week. For Last week, the Dow Jones Industrial Average slipped 1.3 percent to finish at 14,810.31. The blue-chip benchmark is down 4.5 percent for the month. The S&P 500 dipped 1.8 percent in five trading days to end at 1,632.97. The benchmark gauge for American equities is off 3.1 percent for the month. Both the Dow and the S&P 500 posted their worst monthly declines since May 2012. The Nasdaq slumped 1.9 percent for the week to close at 3,589.87. It slid 1 percent for the month. Most key S&P sectors finished higher, led by materials, while consumer staples ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 17. Read More