Month: January 2021

January 31st 2021

Market Review

U.S. stocks wrapped a volatile week and due to a weak Friday, all three major U.S. averages finished the week finally in negative territory. The Dow Jones Industrial Average shed 3.2% over the week to 29,982.62. The S&P 500 booked a weekly loss of 3.3 to finish at 3,714.24. The Nasdaq lost 3.5% over that time period to end at 13,070.69. All key S&P sectors ended in negative territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped to 33.1. Read More

January 24th 2021

Market Review

U.S. stocks finished the week in positive territory with the main benchmarks posting record highs during the week. The Dow Jones Industrial Average rose 0.6 percent over the week to 30,996.98. The S&P 500 booked a strong weekly rise of 1.9 percent to finish at 3,841.47 after closing at a record during the week. The Nasdaq jumped 4.2 percent for the week to close at 13,543.06, setting a new closing record on Friday. Of the S&P sectors, the comm. services sector was the best weekly gainer while the financial sector led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 22. Read More

January 17th 2021

Market Review

U.S. stocks finished the week with losses. The Dow Jones Industrial Average shed 0.9% over the week to 30,814.26. The S&P 500 booked a weekly loss of 1.5% to finish at 3,768.25. The Nasdaq also lost 1.5% over that time period to end at 12,998.50. Of the S&P sectors, energy was the best weekly gainer while comm. services led the decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.3. Read More

January 10th 2021

Market Review

U.S. stocks rose for the week, sending the main benchmarks again to record levels. For the week, the Dow Jones Industrial Average advanced 1.6% to 31,097.97 to top its closing high from the previous week. The S&P 500 climbed 1.8% from last week’s close to a record of 3,824.68. Both the Dow and S&P 500 posted four-day winning streaks. The Nasdaq advanced 2.4% from last Friday's close to 13,201.98. Most key S&P sectors ended in positive territory for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell to 21.6. Read More

January 3rd 2021

Market Review

U.S. stocks finished the final week in positive territory with the main benchmarks reaching new record highs. The Dow Jones Industrial Average gained 1,4% over the week to close at a record of 30,606.48. The S&P 500 recorded the same weekly gain of 1.4% and finished also at a record of 3,756.07. The Nasdaq ended at 12,888.28 and increased 0.7% over the past week. Major indexes finished 2020 solidly. The tech-heavy Nasdaq gained 43.6% this year, posting its best one-year performance since 2009. The S&P 500 closed 2020 with a 16.3% gain. The Dow Jones Industrial Average rose 7.3% in 2020. Nearly all key S&P sectors ended in positive territory for the week, led by the utilities sector; the energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 22.8. Read More