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Current DateTime: 03:37:48 23 Nov 2008
LinksList Documentid: 23371764
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Jul.18
4:40 PM ET

Volatility reigned as the Dow closed below 11,000 for the first time since July, 2006 on Tuesday, followed by a market rally and the biggest 3-day gain of the Dow since March, 2003.  The week ended with the Dow up greater than 3.5% followed by the S&P and NASDAQ up almost 2% for the week. 
-Chevron [CVX  Loading...      ()   ] had the most negative impact on the Dow for the second week in a row, losing almost 7%.
-IBM [IBM  Loading...      ()   ] helped the Dow to a more than 3% gain this week, with the most positive impact, up more than 6% for the week.
-Exxon Mobil [XOM  Loading...      ()   ] had the most negative impact on the S&P 500 for the second week running down almost 5% for the week
-Bank of America [BAC  Loading...      ()   ] had the most positive impact on the S&P 500, up almost 27% this week
-Google [GOOG  Loading...      ()   ] was the biggest drag on the NASDAQ 100 by impact, down almost 10% for the week
-Intel [INTC  Loading...      ()   ] had the most positive impact on the NASDAQ 100, up about 7% for the week



The S&P 500 sectors were mixed for the week, but a major rotation occurred with Financials and Energy flipping positions.  The Financial sector was the leading group for the week up almost 12%, and Energy and Utilities were at the bottom of the pack, both down approximately 5% for the week.
-Financials were boosted most by MGIC Investment [MGIC  Loading...      ()   ] up over 43% for the week
-Energy was dragged down by Consol Energy [CNX  Loading...      ()   ], off almost 19% for the week
-Utilities were most negatively impacted by Questar [STR  Loading...      ()   ], down almost 12% for the week


Oil [US@CL.1  Loading...      ()] backed off its intraday record of $147.27 per barrel hit last Friday, and has fallen more than 11% for the week with the biggest dollar drop since crude oil began trading on the NYMEX, of $16.20 per barrel.
-Commodities sold off broadly as gold [US@GC.1  Loading...      ()] was down for the week, and agricultural futures such as corn (down over 11% for the week) and soy (down over 9% for the week) fell due to good weather, and a positive weather outlook for the Northern hemisphere for at least the next week.

The US Dollar strengthened against most major currencies this week helped by the decline in oil prices.  The greenback is expected to trade in a tight range through the next week with little US economic data on the calendar, but banks could be a wildcard.

Bythenumbers.cnbc.com

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