July 26th 2020
U.S. stocks finished a volatile week slightly in negative territory. For the week, the Dow Jones Industrial Average slipped 0.7% to finish at 26,469.89, snapping a three-week winning streak. The S&P 500 dipped 0.2% in five trading days to end at 3,215.63. The broad-index posted its first weekly decline in four. The Nasdaq finished at 10,363.18 and lost 1.3% this week for its first back-to-back weekly losses since May. Among the key S&P sectors, energy was the best weekly performer, while technology dragged. Most key S&P sectors finished in red, led by financials. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – traded above 25 on Friday.