July 25th 2021
U.S. stocks experienced a roller-coaster week that saw the major averages drop several percentage points at the beginning of the week, but strongly bounced at the end of the week. In the end, major indexes rebounded from the steep sell-off, and finally closed the week in positive territory and with hitting new records. The Dow Jones Industrial Average finished at 35,061.55 and gained 1% for the week. The S&P 500 finished at 4,411.79 and ended the week up 2%, after dropping more than 3 percent during the week. The Nasdaq climbed 2.8% for the week to end at 14,836.99. Both benchmarks booked new closing records. Most key S&P sectors ended in positive territory for the week. Utilities and energy were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.2.