Month: November 2020

November 29th 2020

Market Review

U.S. equities finished the week by breaking another set of records. The Dow Jones Industrial Average rose 2.2% for the week to 29,910.37. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time. The S&P 500 climbed 2.3% for week to a record of 3,638.35. The Nasdaq posted a weekly gain of nearly 3% to 12,205.85 and also closed at an all-time high. Nearly all key S&P sectors ended in positive territory. Energy was the best weekly performer, while real estate was the only decliner. The CBOE Volatility Index (VIX), Wall Street’s preferred fear gauge, traded near 20.8. Read More

November 22nd 2020

Market Review

U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average shed 0.7% during the week to close at 29,263.48. The S&P 500 fell 0.8% from last week’s close to finish at 3,557.54. The Nasdaq in contrast gained 0.2 percent for the week to end at 11,854.97. Both Dow and the and S&P 500 recorded their first weekly declines in three weeks, while the Nasdaq booked its second positive week in three. Among the key S&P sectors, energy was by far the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.7. Read More

November 15th 2020

Market Review

U.S. stocks finished the week mostly with a strong performance, whereas one index even notched a record high this week. Closing at 29,479.81, the Dow Jones Industrial Average jumped 4.1% in five trading days for its second-straight positive week. The S&P 500 logged a 2.2% gain for the week to finish at a new record close of 3,585.15. While the Dow and S&P 500 recorded strong weekly gains, the Nasdaq Composite in contrast lost 0.6% during the week and finished at 11,829.29, notching its third weekly loss in four weeks. Still the Nasdaq is up 31.8% this year, while the Dow is up 3.3% and the S&P 500 11%. Nearly all key S&P sectors closed in positive territory, led by the energy sector. Technology was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.1. Read More

November 8th 2020

Market Review

U.S. stocks strongly rebounded for the week with the major averages notching their best weekly performance since April. The Dow Jones Industrial Average gained 6.9% week to date to close at 28,323.40. The S&P 500 finished at 3,509.44 and rocketed 7.3% this week, posting its biggest election week gain since 1932. The Nasdaq jumped 9% for the week and finished at 11,895.23. All key S&P sectors succeeded to close in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 24.9. Read More

November 1st 2020

Market Review

All three major U.S. averages finished the week with steep losses. The Dow Jones Industrial Average lost 6.5% over the week to close at 26,501.60. The S&P 500 lost 5.6% for the week to finish at 3,269.96. The Nasdaq fell 5.0 percent over that time period to end at 10,911.59. All key S&P sectors ended lower for the week, led by the discretionary sector. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, jumped to 37.6. Read More