Market reached a new all-time high but period of consolidation ahead!
December 18. 2016
Market Review
After rallying towards a new all-time high on Tuesday, U.S. stocks lost some steam and finished the week nearly unchanged. For the week, the Dow Jones Industrial Average gained 0.4 percent to close at 19,843.41. The S&P 500 lost less than 0.1 percent to end at 2,258.07. The Nasdaq decreased 0.1 percent for the week to end at 5,437.16. Among the key S&P sectors, telecom was the best weekly performer, while industrials dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 12.2. Read MoreS&P 500 reached a new all-time high!
December 11. 2016
Market Review
U.S. stocks rallied for the week, lifting the three major indexes to new records highs. For the week, the Dow Jones Industrial Average added 3.1 percent, to 19,756.85. The blue-chip average recorded its fifth week of consecutive gains. The S&P 500 booked also a 3.1 percent weekly gain to finish at 2,259.53. The broad index notched its best winning streak since June 2014. The Nasdaq rocketed 3.6 percent in five trading days to 5,444.50. All key S&P sectors finished in positive territory for the week, led by financials and technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 11.8. Read MoreMarket is about to follow its typical December pattern!
December 04. 2016