December 30th 2018
U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 2.8 percent over the week to close at 23,062.40. The S&P 500 logged a 2.9 percent rise for the week to finish at 2,485.74. The Nasdaq ended at 6,584.52 and jumped 4.0 percent over the past week. It was the first weekly gain for all three indexes since the end of November. All three indexes are still nursing sharp month-to-date losses, however, with the S&P down 9.9 percent, the Dow off 9.7 percent and the Nasdaq down 10.2 percent. Nearly all key S&P sectors ended in positive territory for the week, led by discretionary; the utilities sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 28.3.