Month: May 2016

May 29. 2016

Market Review

U.S. stocks posted a solid week of gains. The Dow Jones Industrial Average closed at 17,873.22 and rose 2.1 percent over the past five days for its best week since March 18. The S&P 500 gained nearly 2.3 percent for its best week since March 4 and ended at 2,099.06. The Nasdaq surged 3.5 percent for the week to close at 4,926, its best week since February 19. All key S&P sectors ended in positive territory for the week, led by techs. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined to trade near 13.1. Read More

May 22. 2016

Market Review

Last week U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.2 percent in five trading days to end at 17,500.94. The blue-chip index posted its first 4-week losing streak since 2014. The S&P 500 eked out a 0.3 percent gain over the week to finish at 2,052.32. The Nasdaq Composite added 1.1 percent to 4,769.56 for the five days. Among the key S&P sectors, energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to trade near 15.2. Read More

May 15. 2016

Market Review

U.S. stocks finished another week in negative territory. For the week, the Dow Jones Industrial Average slid 1.2 percent to 17,535.32. The S&P 500 finished at 2,046.49 and posted a weekly drop of 0.5 percent. Both, the Dow Jones and the S&P 500 posted their first three-week losing streak since January. The Nasdaq dropped 0.4 percent from the week-ago close to 4,717.68. Most key S&P sectors finished in the red for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose to trade near 15. Read More

May 08. 2016

Market Review

U.S. stocks finished the week in negative territory with all three major indexes logging their second straight week of losses. The Dow Jones Industrial Average declined 0.2 percent during the week to end at 17,740.63. The Standard & Poor?s 500 Index lost 0.4 percent from the prior Friday's close to finish at 2,057.14. The Nasdaq tumbled 0.8 percent during the week to 4,736.16. Among the key S&P sectors, consumer staples were the top gainer and energy the worst performer on the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell below 15. Read More

May 01. 2016

Market Review

All three major U.S. averages finished the week with losses. The Dow Jones Industrial Average lost 1.3 percent over the week to close at 17,773.64. The blue-chip index gained 0.5 percent for the month. The S&P 500 lost 1.3 percent for the week as well to finish at 2,065.30. The broad index rose 0.27 percent for the month. The Nasdaq slid 2.7 percent for the week to end at 4,775.36. The index fell 1.94 percent for the month. Among the key S&P sectors, utilities was the best weekly performer, while technology dragged. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed at 17.09. Read More