June 27th 2021
Market Review
U.S. stocks ended the week with solid gains pushing the main indices to new record highs. The Dow Jones Industrial Average rocketed 3.4% percent over the week to end at 34,433.84. Notching its biggest weekly gain since early February, the S&P 500 rallied 2.4% for the week and closed at a record high of 4,280.70. The Nasdaq increased 2.4% from last Friday’s close to finish at 14,360.39. All key S&P sectors finished positive for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.6.