Month: September 2020

September 27th 2020

Market Review

Despite the quite strong bounce on Friday, U.S. stocks finished the week mostly with losses. The Dow Jones Industrial Average dropped 1.8% in five trading days to end at 27,173.96. The S&P 500 closed 0.6% lower week to date at 3,298.46. Both the Dow and S&P 500 posted four-week losing streaks, their longest slides since August 2019, despite the gains on Friday. The Nasdaq in contrast had its first weekly gain in four weeks, rising 1.1% over that time period to finish at 10,913.56. Most key S&P sectors ended in negative territory for the week, led by the energy sector. Techs, discretionary and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 26.4. Read More

September 20th 2020

Market Review

The major averages posted modest losses for the week. The Dow Jones Industrial Average lost less than 0.1% to finish at 27,657.42. The S&P 500 dipped 0.7% in five trading days to end at 3,319.47. The Nasdaq finished at 10,793.28 and lost 0.6% this week. The Dow is down 2.7% for the month-to-date and the S&P 500 down 5.2%. Among the key S&P sectors, energy was the best weekly performer, while comm. services dragged. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – traded near 25.8 on Friday. Read More

September 13th 2020

Market Review

All three major U.S. averages finished the holiday-shortened week with losses. The Dow Jones Industrial Average lost 1.7% over the week to close at 27,665.64. The S&P 500 lost 2.5% for the week to finish at 3,340.9. The Nasdaq fell 4.1% for the week to end at 10,853.55, its biggest weekly decline since March. Nearly all key S&P sectors ended lower for the week, led by energy. The materials sector was the only gainer. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, closed near 27. Read More

September 6th 2020

Market Review

U.S. stocks wrapped a turbulent week. After closing at new record levels during the week, all three major U.S. averages finally finished the week with losses. For the week, the Dow Jones Industrial Average lost 1.8% to end at 28,133.31. The S&P 500 fell 2.3% during the week and finished at 3,426.96. The Nasdaq saw a 3.3% weekly decline, its largest since March and finished at 11,313.13. Nearly all key S&P sectors ended in negative territory for the week, led by energy. Materials and utilities were to only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded advanced to 30.8. Read More