S&P 500 hit a new intraday record!
October 20. 2013
Market Review
U.S. stocks closed out the week in positive territory with all three major averages logging strong gains. The Dow Jones Industrial Average advanced 162.54 points, or 1.1 percent, to 15,399.65. The 30-stock gauge is still 1.8 percent below its record reached Sept. 18. The S&P 500 rocketed 2.4 percent to 1,744.50 over the five days and hit a new intraday record of 1,745.32. The Nasdaq Composite Index jumped 3.2 percent to 3,914.28, the highest level since September 2000. Both the S&P 500 and the Nasdaq posted also their best weekly rally in three months. All key S&P sectors closed in positive territory for the week, led by telecoms and financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 13. Read MoreThe Dow posted its second-best day this year!
October 13. 2013
Market Review
U.S. stocks wrapped a volatile week that left the major averages mostly higher for the week. The Dow Jones Industrial Average soared 1.1 percent to close at 15,237.11. On Thursday, the blue-chip index skyrocketed more than 300 points, posting its second-best day this year. The S&P 500 gained 0.8 percent to close at 1,703.20, its first finish above 1,700 in nearly three weeks. The Nasdaq declined 0.4 percent to end at 3,791.87. The technology-laden index fell for its first week in six. Most key S&P sectors closed higher for the week, led by utilities, while consumer discretionary slipped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 16. Read MoreConsolidation period close to end!
October 06. 2013