Month: August 2016

August 28. 2016

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 0.9 percent to 18,395.40. The S&P 500 finished at 2,169.04 and posted a weekly drop of 0.7 percent. Nasdaq declined 0.4 percent from the week-ago close to 5,218.92, snapping its eight-week winning streak. Most key S&P sectors finished in the red for the week, led by utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished near 13.65. Read More

August 21. 2016

Market Review

Although all three major averages reached all-time highs on Monday, U.S. stocks finished another week nearly unchanged. For the week, the Dow Jones industrial Average closed 23.9 points lower, or 0.1 percent, at 18,552.57. The S&P 500 finished at 2,183.87 and ended the week roughly where it started. The Nasdaq eked out a small gain of 0.1 percent to finish at 5238.38. The tech-index recorded its eighth straight week of gains. Among the key S&P sectors, energy was again the best weekly performer, while utilities dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, closed slightly lower for the week, near 11.4. Read More

August 14. 2016

Market Review

U.S. stocks finished the week nearly unchanged. For the week the Dow Jones Industrial Average eked out a small gain of 0.2 percent to finish at 18,576.47. The S&P 500 finished at 2,184.05 and ended the week roughly where it started. The Nasdaq recorded a weekly gain of 2.3 percent to end at 5,232.89. The technology-laden index posted its longest weekly win streak since 2012. Among the key S&P sectors, energy was the best weekly performer, while materials dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

August 07. 2016

Market Review

U.S. stocks closed another week with gains, lifting the S&P 500 and the Nasdaq to record closes. The Dow Jones Industrial Average climbed 0.6 percent over the week to end at 18,543.53. The S&P 500 recorded a weekly 0.4 percent gain to close at a record high of 2,182.87. The Nasdaq rallied 1.1 percent from last Friday's close to finish at 5,221.12, its first record close in more than a year. Among the key S&P sectors, financials were the best weekly performer, while utilities dragged. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded lower, near 11.3. Read More