Month: January 2017

January 29th 2017

Market Review

U.S. stocks finished the week in positive territory, with the Dow and S&P 500 posting their first positive week of the past three. After exceeding the 20,000 level for the first time on Thursday, the Dow Jones Industrial Average gained 1.3 percent for the week to close at 20,093.78. The S&P 500 booked a weekly gain of 1.0 percent and closed at 2,294.69. The Nasdaq advanced 1.9 percent during the week to end at 5,660.78. Among key S&P sectors, financials and materials led the gainers, while energy and utilities were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 10.5. Read More

January 22nd 2017

Market Review

U.S. stocks closed the week slightly lower with the Dow & S&P 500 logging their second straight weekly decline. For the week, the Dow Jones Industrial Average slid 0.3 percent to 19,827.25. The S&P 500 finished at 2,271.31 and posted a weekly drop of 0.2 percent. Nasdaq declined 0.3 percent from the week-ago close to 5,555.33. Among the key S&P sectors, consumer staples was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.5. Read More

January 15th 2017

Market Review

The three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.4 percent during the week to finish at 19,885.73. The S&P 500 declined 0.1 percent from the week ago close to end at 2,274.64. The Nasdaq gained 1.0 percent over the week and ended at 2,274.64. The heavy-tech index set a new record high. Among key S&P sectors, technology and materials led the gainers, while energy and consumer staples were the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

January 8th 2017

Market Review

All three U.S. indexes finished the first week of the year with solid gains. For the week, the Dow Jones Industrial Average rose 1.0 percent to 19,963.80. The blue-chip index set an intraday high of 19,999.63. The S&P 500 increased 1.7 percent in the holiday-shortened week to end at an all-time high of 2,276.98. The Nasdaq rocketed 2.6 percent during the week to finish at an record level of 5,521.06. All key S&P sectors finished in positive territory for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 11.3. Read More

January 1st 2017

Market Review

All three U.S. indexes finished the last week of the year in negative territory. The Dow Jones Industrial Average lost 0.9 percent for the week to end at 19,762.60. The blue-chip index is 3.3 percent up for December and recorded a yearly gain of 13.4 percent. The S&P 500 declined 1.1 percent to 2,238.38 in the holiday-shortened week, after completing the month with 1.8 percent and the year with a 9.5 percent gain. The Nasdaq lost 1.5 percent for the week to finish at 5,383.12. The tech-heavy gained 1.1 percent in December and 7.5 percent in 2016. All main S&P 500 groups retreated for the week, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14. Read More