December 26th 2021 |
Market Review |
U.S. stocks closed out an extremely volatile week with gains. For the week, the Dow Jones Industrial Average rose 1.6% to end at 35,950.56. The S&P 500 gained 2.3% from last Friday’s close to end at a record of 4,725.79. The Nasdaq jumped 3.2% for the week to end at 15,653.37. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.0.