Month: June 2021

June 27th 2021

Market Review

U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average rocketed 3.4% percent over the week to end at 34,433.84. Notching its biggest weekly gain since early February, the S&P 500 rallied 2.4% for the week and closed at a record high of 4,280.70. The Nasdaq increased 2.4% from last Friday’s close to finish at 14,360.39. All key S&P sectors finished positive for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.6. Read More

June 20th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 3.5% over the week to 33,290.08. The S&P 500 booked a weekly loss of 1.9% to close at 4,166.45. The Nasdaq shed 0.2% for the week to end at 14,030.38. Nearly key S&P sectors ended in negative territory for the week, led by materials. The technology sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 20.7. Read More

June 13th 2021

Market Review

U.S. stocks ended the week mostly higher pushing the S&P 500 to new record highs. The Dow Jones Industrial Average closed at 34,479.60 and retreated 0.8% over the week, snapping a 2-week win streak. The S&P 500 recorded a 0.4% gain over the week to close at a record high of 4,247.44. The Nasdaq advanced 1.9% from last Friday's close to finish at 14,069.42. Among the key S&P sectors, the health care sector was the best weekly performer, while the financials sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.7. Read More

June 6th 2021

Market Review

All three major U.S. averages finished the week with modest gains. For the week, the Dow Jones Industrial Average advanced 0.7% to end at 34,756.39. The S&P 500 finished at 4,229.89 and booked a weekly gain of 0.6%. Both benchmarks posted their second straight positive week. Closing at 13,814.49, the tech-heavy Nasdaq gained 0.5% this week for its third winning week in a row. Energy led gainers among the S&P’s 10 major sectors; utilities and discretionary were the only negative sectors for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.4. Read More