October 27th 2018
U.S. stocks finished another week with deep losses. The Dow Jones Industrial Average slumped 3.0 percent over the week to 24,688.31. The S&P 500 plummeted 3.9 percent for the week to finish at 2,658.69. The Nasdaq booked a weekly loss of 3.8 percent and ended at 7,167.21. In October the S&P 500 has lost 8.8 percent, the Dow Jones Industrial Average is down 6.7 percent, and the Nasdaq has shed 11 percent. Friday’s downdraft also pulled the S&P 500 and the blue-chip index into the red for 2018. The Nasdaq is still up 3.8 percent year-to-date. All key S&P sectors ended in red for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 24.2.