Month: June 2016

June 26. 2016

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average declined 1.6 percent over the week to 17,399.86. The S&P 500 dropped 1.6 percent as well to finish at 2,037.40. Its largest one-week drop since February. Both the S&P 500 and the Dow wiped out their year-to-date gains. The Nasdaq lost 1.9 percent for the week to end at 4,707.98. Nine of the 10 main S&P sectors closed sharply lower. Financials, materials, and tech stocks led the losses. Utilities were the only weekly performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, briefly topped 26 to its highest since mid-February before holding near 23.5. Read More

June 19. 2016

Market Review

All three U.S. indexes finished the week in negative territory. The Dow Jones Industrial Average lost 1.1 percent for the week to 17,675.16. Its worst since the one ended May 13. The S&P 500 declined 1.2 percent to 2,071.22 during the week. The Nasdaq lost 0.6 percent to 4,800.34. Among the key S&P sectors, telecommunications was the best performer on the week, while health care was the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 19.3. On Thursday, the VIX hit 22.89, its highest since February 19. Read More

June 12. 2016

Market Review

U.S. stocks finished lower for the week. The Dow Jones Industrial Average declined 0.7 percent to 17,865.34 from last Friday's close. The S&P 500 dropped 0.9 percent for week to 2,096.07. The Nasdaq tumbled 1.3 percent in five trading days to 4,894.55. Among the key S&P sectors, financials were the worst weekly performer and telecoms the best. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose above 17 for the first time since mid-May. Read More

June 05. 2016

Market Review

All three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.4 percent over the week, to end at 17,807.06. The S&P 500 advanced 0.1 percent for the week to finish at 2,099.13. The Nasdaq added 0.2 percent for the week to 4,942.52. Among the key S&P sectors, the utilities sector was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read More