December 27th 2020
Although we saw a stronger washout-event on Monday morning, U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 30,199.87. The S&P 500 declined 0.2% during the week to end at 3,703.06. The Nasdaq rose 0.4% for the week to end at 12,804.73. Among the key S&P sectors, the financial sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 21.5.