S&P 500 jumped to another record high!
December 22nd 2019
Market Review
U.S. stocks rallied for the week, lifting the benchmark indexes to new record highs. The Dow Jones Industrial Average rose 1.2 percent for the week to end at 28,455.09. The S&P 500 gained 1.5 percent over the week to 3,221.23. The benchmark index for American equities posted its fourth consecutive weekly gain and had its best weekly performance since August. The Nasdaq soared 2.1 percent in five trading days to 8,924.96. The tech-heavy also recorded its best weekly performance since August. Most key S&P sectors ended in positive territory for the week. Industrials and financials were the only decliners. The Chicago Board Options Exchange Volatility Index, a gauge of options prices known as VIX, ended at 12.5. Read MoreNew all-time high is backed by a broad basis!
December 15th 2019
Market Review
U.S. stocks finished the week in positive territory with the main benchmarks posting record highs on Friday. The Dow Jones Industrial Average gained 0.4 percent over the week to 28,135.38. The S&P 500 recorded a weekly rise of 0.7 percent to finish at 3,168.80. The Nasdaq advanced 0.9 percent for the week to close at 8,734.88. Most key S&P sectors finished higher, led by technology. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6. Read MoreAll good, as the S&P 500 just closed 0.3 percent below its all-time high!?
December 8th 2019
Market Review
Last week, all three major U.S. averages finished a volatile week nearly unchanged. The Dow Jones Industrial Average lost 0.1 percent during the week to close at 28,015.06. Friday’s performance was the Dow’s best since Oct. 4, when it rallied 1.4 percent. The S&P 500 managed to eke out a weekly gain of 0.2 percent to close at 3,145.91. On Friday the broad index booked its biggest one-day gain since Oct. 15. The Nasdaq lost 0.1 percent for the week to end at 8,656.53. The benchmarks also closed just below their record highs reached Nov. 27. The S&P 500 was just 0.3 percent away from hitting an all-time high. The Dow and Nasdaq are both 0.6 percent off their records. Of the 10 sectors in the index, the energy sector led decliners, while industrials led advancers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.6. Read MoreCorrection risk has diminished significantly as tape condition strengthened!
December 1st 2019