The Dow dips below 11,000 intraday on Friday for the first time since July, 2006. The CBOE volatility index hits an intraday high of 29.44, the highest level since March 19th, all while oil strengthens and the US dollar falls.

-Chevron [CVX  Loading...      ()   ] had the most negative impact on the Dow this week, down more than 6%
-Exxon Mobil [XOM  Loading...      ()   ] had the most negative impact on the S&P 500 down more than 3% for the week
-Cisco [CSCO  Loading...      ()   ] was the biggest drag on the NASDAQ 100 by impact, down almost 6% for the week


The S&P 500 sectors were mixed for the week led by the Financials to the downside by over 6% for the week, and Health Care to the positive, up over 1% for the week.
-Financials were impacted most by Freddie Mac [FRE  Loading...      ()   ] and Fannie Mae [FNM  Loading...      ()   ] both down more than 45% for the week.
-Health Care was buoyed by Schering Plough [SGP  Loading...      ()   ], up almost 8% for the week.

Oil

US%40CL.1 loading...

Quote  |  Chart  |  News  |  Profile

[US@CL.1  Loading...      ()] hits a new intraday record of $147.27 per barrel on Friday before settling at $145.08 per barrel. 

The U.S. Dollar loses ground against most major currencies on Freddie and Fannie capitalization concerns as well as spiking oil prices. 


Bythenumbers.cnbc.com

Tools:

PrintEmail Del.icio.us Digg It

Next Post

Previous PostBack to Main Page