July 24. 2016
Market Review
U.S. stocks closed higher for the fourth straight week, with the S&P 500 hitting a new record high. For the week, the Dow Jones Industrial Average jumped 1.3 percent to 18,570.85. The S&P 500 climbed 0.6 percent to close at a new all-time high of 2,175.03. The Nasdaq added 1.4 percent from the week earlier and finished at 5,100.16, its highest close of 2016. Among the key S&P sectors, technology was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, hit a low of 11.4 this week, its lowest level since last summer. Read more