The stock market ends the week in negative territory with all major indexes down almost 2% or greater, led by the Dow which dropped almost 4% for the week and broke the 12,000 level for the first time since March.
-Onlytwo Dow components had positive impact on the index, Boeing and United Technologies, while American Express had the most negative impact on the Dow, losing almost 8% for the week.
-Cicso was the biggest drag on the NASDAQ 100 by impact, down almost 7% for the week, while Research in Motion had positive impact on the NASDAQ 100, up almost 9% for the week.
-General Electric had the most negative impact on the S&P, down almost 6% on the week, while Wyeth had the most positive impact, up almost 10% for the week.
The S&P 500 sectors were all negative led by Telecom and the Consumer Discretionary sector both down about 5% for the week.
-Telecom was impacted by Qwest down almost 8% for the week.
-The Consumer Discretionary sector was dragged down by General Motors, down over 16% for the week.
The stock market ends the week in negative territory with all major indexes down almost 2% or greater, led by the Dow which dropped almost 4% for the week and broke the 12,000 level for the first time since March.
-Onlytwo Dow components had positive impact on the index, Boeing and United Technologies, while American Express had the most negative impact on the Dow, losing almost 8% for the week.
-Cicso was the biggest drag on the NASDAQ 100 by impact, down almost 7% for the week, while Research in Motion had positive impact on the NASDAQ 100, up almost 9% for the week.
-General Electric had the most negative impact on the S&P, down almost 6% on the week, while Wyeth had the most positive impact, up almost 10% for the week.
Oil dominated the markets again this week with its volatility, but was roughly flat for the week, even after its 2% gain on Friday on Middle East hostilities and a weak dollar.
The stock market ends the week in negative territory with all major indexes down almost 2% or greater, led by the Dow which dropped almost 4% for the week and broke the 12,000 level for the first time since March.
-Onlytwo Dow components had positive impact on the index, Boeing and United Technologies, while American Express had the most negative impact on the Dow, losing almost 8% for the week.
-Cicso was the biggest drag on the NASDAQ 100 by impact, down almost 7% for the week, while Research in Motion had positive impact on the NASDAQ 100, up almost 9% for the week.
-General Electric had the most negative impact on the S&P, down almost 6% on the week, while Wyeth had the most positive impact, up almost 10% for the week.
The U.S. Dollar ended the week lower against most major currencies on tough anti-inflation talk from the European Central Bank (ECB) which might indicate a rate hike for the eurozone, and continuing high oil prices.
-Next week the dollar could fall lower still after a two day Fed Meeting where there will likely be no rate hike.
The stock market ends the week in negative territory with all major indexes down almost 2% or greater, led by the Dow which dropped almost 4% for the week and broke the 12,000 level for the first time since March.
-Onlytwo Dow components had positive impact on the index, Boeing and United Technologies, while American Express had the most negative impact on the Dow, losing almost 8% for the week.
-Cicso was the biggest drag on the NASDAQ 100 by impact, down almost 7% for the week, while Research in Motion had positive impact on the NASDAQ 100, up almost 9% for the week.
-General Electric had the most negative impact on the S&P, down almost 6% on the week, while Wyeth had the most positive impact, up almost 10% for the week.