Month: October 2021

October 31st 2021

Market Review

In  line with our latest call, U.S. stocks rallied for the week, pushing the major indexes to new record highs. The Dow Jones Industrial Average gained 0.4% in the past five days to finish at 35,819.56. The S&P 500 added 1.1% over the week to finish at 4,605.38. The Nasdaq rose 2.7% during the week to 15,498.39. All three major averages closed at record highs and posted their fourth positive week in a row. The Nasdaq gained 7.2% for October, while the S&P 500 gained 6.9%. The Dow rose 5.8% for its best month since March. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 16.3. Read More

October 24th 2021

Market Review

All major averages finished the week significantly higher. The Dow Jones Industrial Average increased 1.3% to end at a record close of 35,677.02. The S&P 500 gained 1.8% for the week to finish Friday at 4,544.90. The Nasdaq advanced 1.7 percent from the week-ago close to 15,090.20. All key S&P sectors finished in the black for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.4. Read More

October 17h 2021

Market Review

U.S. stocks closed out a very volatile week with strong gains. For the week, the Dow Jones Industrial Average rose 1.6% to end at 35,294.76. The S&P 500 gained 2% from last Friday's close to end at 4,471,37. The Nasdaq jumped 3.4% for the week to end at 14,897.34. Nearly all key S&P sectors ended in positive territory for the week, led by the materials sector. Comm. services was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

October 10th 2021

Market Review

U.S. stocks wrapped an extremely volatile week and all three major U.S. averages finished the week finally in positive territory. The Dow Jones Industrial Average rose 1.2% in five trading days to end at 34,746.25. The S&P 500 added 0.8% over the week to finish at 4,391.34. The Nasdaq Composite rose just shy of 0.1% since last Friday's close to end at 14,579.54. Most key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.8. Read More

October 3rd 2021

Market Review

U.S. stocks finished another week with losses. The Dow Jones Industrial Average lost 1.4% over the week to 34,326.46. The S&P 500 booked a weekly loss of 2.2% to close at 4,357.04. The Nasdaq plummeted 3.2% for the week to end at 14,566.70. The S&P 500 finished the month down 4.8%, breaking a seven-month winning streak. The Dow and the Nasdaq Composite fell 4.3% and 5.3%, respectively, suffering their worst months of the year. Nearly all key S&P sectors ended in negative territory for the week, led by health care. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.2. Read More