September 27th 2020
Despite the quite strong bounce on Friday, U.S. stocks finished the week mostly with losses. The Dow Jones Industrial Average dropped 1.8% in five trading days to end at 27,173.96. The S&P 500 closed 0.6% lower week to date at 3,298.46. Both the Dow and S&P 500 posted four-week losing streaks, their longest slides since August 2019, despite the gains on Friday. The Nasdaq in contrast had its first weekly gain in four weeks, rising 1.1% over that time period to finish at 10,913.56. Most key S&P sectors ended in negative territory for the week, led by the energy sector. Techs, discretionary and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 26.4.