During the short holiday week, how did the markets stack up?
The Dow and S&P close in positive territory Friday,but the Dow & NASDAQ end the short holiday week in bear market territory down -20.3% and -21.47% respectively from their October highs. The S&P momentarily flirted with bear market levels before rebounding off of its lows.
-Caterpillar has had the most negative impact on the Dow this week, down almost 5%.
-Procter & Gamble has had the most positive impact on the Dow and the S&P 500 this week, up over 5% for the week.
-Microsoft was the biggest drag on the NASDAQ 100 and S&P 500 by impact, down almost 6% for the week, while Amgen had the most positive impact on the NASDAQ 100, up almost 10% for the week.
The majority of S&P 500 sectors were down for the week led by Materials down almost 6%, and on a positive note, Heath Care was up more than 4% for the week.
-Materials were impacted most by US Steel and Nucor and both down almost 17% for the week.
-Health Care was buoyed by Amgen, up almost 10% for the week.
Oil hits a new intraday record of almost $146 per barrel and the gasoline national average hit $4.098 per gallon per AAA as we head into the holiday weekend.
The U.S. Dollar gained against the euro, Japanese yen and pound sterling on Friday on better than expected jobs data and rhetoric out of Europe that future rate hikes were not a certainty.