Month: November 2021

November 28th 2021 |

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 2% over the week to 34,899.34. Dropping more than 900 points on Friday, the Dow recorded its worst day of the year. The S&P 500 booked a weekly loss of 2.2% to close at 4,594.62. The Nasdaq slumped 3.5% for the week to end at 15,491.66. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. The energy sector was the only gainer. The CBOE Volatility Index, often referred to as Wall Street’s “fear gauge,” jumped to 28, its highest level in two months. Read More

November 21st 2021

Market Review

Markets were in consolidation mode last week as U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average fell 1.3% to close at 35,601.98. The S&P 500 posted a weekly gain of 0.3% and closed at 4,697.96. The Nasdaq finished at 16,057.44 and jumped 1.2% for the week. Among the key S&P sectors, discretionary was the best weekly performer, while the energy sector dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended near 17.9. Read More

November 14th 2021

Market Review

Markets were in consolidation mode last week. The Dow Jones Industrial Average dropped 0.6% over the week to 36,100.31. The S&P 500 booked a small weekly loss of 0.3% to finish at 4,682.85. The Nasdaq inched down about 0.7% on the week and ended at 15,860.96. All three benchmarks posted their first losing week in six. Despite the week’s small losses, the three major averages are within striking distance of their record highs. Of the S&P sectors, materials led advancers, while the discretionary sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.3. Read More

November 6th 2021

Market Review

U.S. stocks rallied for another week, with all three main benchmarks scoring all-time closing highs. The Dow Jones Industrial Average posted a weekly increase of 1.4% to finish at a record of 36,327.95. The S&P 500 rose 2% for the five days to a record closing of 4,697.53. On Friday the broad index booked its seventh straight positive day and pushed its 2021 gains to 25%. The Nasdaq rallied 3.1% during the week to 15,971.59, a record high as well. In addition, its best weekly performance since early April. Nearly all key S&P sectors ended in positive territory for the week, led by the discretionary sector. Financials and health care were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 16.5 Read More