June 14th 2020
U.S. stocks wrapped a volatile week and due to single strong down-day, all three major U.S. averages finished the week finally in negative territory. On Thursday, all major indices recorded their biggest one-day losses since mid-March, posting declines of at least 5%. In the end, the Dow Jones Industrial Average declined 5.5% over the week to 25,605.54. The S&P 500 recorded a weekly loss of 4.7% to finish at 3,041.31. The Nasdaq shed 2.3% for the week to end at 9,588.81. All key S&P sectors ended in negative territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 36.1.