Month: June 2019

June 30th 2019

Market Review

U.S. stocks finished the week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.4 percent to close at 26,599.96. The 30-stock index rallied more than 7 percent this month and 14 percent for the first half. The S&P 500 recorded a weekly decline of 0.3 percent to end at 2,941.74. For the month, the S&P 500 jumped 6.9 percent, its best June performance since 1955. The broad index is also up more than 17 percent this year. The Nasdaq also lost 0.3 percent for the week to end at 8,006.24 but rallied 7.4 percent this month. Among the key S&P sectors, materials was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 15.1. Read More

June 23rd 2019

Market Review

After a short-lived consolidation period on Monday, U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 2.4 percent to close at 26,719.13. The S&P 500 advanced 2.2 percent over the week to 2,950.46. Both, the Dow Jones Industrial Average and the S&P 500 reached an all-time high during the week. The Nasdaq rose 3.0 percent over the past five days to 8,031.71. All three main benchmarks are also up for a third week in a row. All key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

June 16th 2019

Market Review

All three major U.S. averages finished the week with gains. For the week, the Dow Jones Industrial Average eked out a gain of 0.4 percent to end at 26,089.61. The S&P 500 returned 0.5 percent for the week to finish at 2,886.98. The Nasdaq advanced 0.7 percent for the week to finish at 7,796.66. All indexes gained for a second week in a row. Among the key S&P sectors, discretionary and utilities were the best weekly performers, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15. Read More

June 9th 2019

Market Review

U.S. stocks wrapped a turbulent week. After closing in outright negative territory on Monday, all three major U.S. averages recovered on Tuesday and finally finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 4.7 percent to end at 25,983.94. The S&P 500 returned 4.4 percent during the week and finished at 2,873.34. The Nasdaq climbed 3.9 percent from the week-ago close to end at 7,742.1. All key S&P sectors ended in positive territory for the week, led by materials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

June 2nd 2019

Market Review

U.S. stocks finished the week with sharp losses. The Dow Jones Industrial Average plummeted 3.0 percent over the week to 24,815.04. The S&P 500 dropped 2.6 percent to finish at 2,752.06. The Nasdaq slid 2.4 percent for the week to end at 7,453.15. All key S&P sectors finished in the red for the week, dragged by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 18.7. Read More