Month: October 2018

October 28th 2018

Market Review

U.S. stocks finished another week with deep losses. The Dow Jones Industrial Average slumped 3.0 percent over the week to 24,688.31. The S&P 500 plummeted 3.9 percent for the week to finish at 2,658.69. The Nasdaq booked a weekly loss of 3.8 percent and ended at 7,167.21. In October the S&P 500 has lost 8.8 percent, the Dow Jones Industrial Average is down 6.7 percent, and the Nasdaq has shed 11 percent. Friday’s downdraft also pulled the S&P 500 and the blue-chip index into the red for 2018. The Nasdaq is still up 3.8 percent year-to-date. All key S&P sectors ended in red for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 24.2. Read More

October 21th 2018

Market Review

U.S. stocks finished the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 0.4 percent to close at 25,444.34; its first weekly gain in four. The S&P 500 finished the week nearly unchanged at 2,767.78. The Nasdaq dropped 0.6 percent for the week to end at 7,449.03. The Dow Jones Industrial Average and S&P 500 have fallen more than 3 percent each in October, while the Nasdaq is down more than 7 percent. Among the key S&P sectors, consumer staples was the top performer and energy the worst. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower, near 19.9. Read More

October 14th 2018

Market Review

U.S. stocks finished the week in negative territory, leaving the major benchmarks with the steepest weekly slump since March. The Dow Jones Industrial Average slumped 4.2 percent over the week to 25,339.99. The Dow Jones Industrial Average booked its third straight weekly loss. The S&P 500 dropped 4.1 percent for the week to finish at 2,767.13. The S&P 500 also logged in a three-week losing streak, its longest since June 2016. The Nasdaq slipped 3.7 percent for the week to end at 7,496.89. All key S&P sectors finished in the red for the week, dragged by materials. The CBOE Volatility Index, or VIX, a measure of investor uncertainty, jumped 50 percent to 21.31. Read More

October 7th 2018

Market Review

The weak tape structure had its designated impact as U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell 0.4 percent in five trading days to end at 26,447.05. The S&P 500 recorded a 1.0 percent loss over the week and closed at 2,885.57. The Nasdaq slumped 3.2 percent for the week to 7,788.45. The technology-laden index recorded its worst week since March. Among the key S&P sectors, energy was the best weekly performer, while technology dragged. The Chicago Board Options Exchange Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, traded near 14.08. Read More