October 27. 2013
Market Review
U.S. stocks finished another week of gains with the S&P 500 index at a record high. For the week, the Dow Jones Industrial Average jumped 1.1 percent to 15,570.28, its highest close since Sept. 19. The 30-stock gauge is approximately 1 percent from hitting its all-time record. Surpassing its record close set on Tuesday, the S&P 500 climbed 0.9 percent to 1,759.77. Both the Dow and S&P 500 rose for a third consecutive week. The Nasdaq gained 0.7 percent to 3,943.36, its second weekly gain. Most key S&P sectors closed in positive territory, boosted by industrials and utilities. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 13. Read more