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Current DateTime: 09:35:57 04 Dec 2008
LinksList Documentid: 23371764
    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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On a wild week in the markets which saw Friday close off its lows as the Dow swung within an almost 200 point range, the markets all close in negative territory for the week by about 3% or more.  NASDAQ led the decline, off -4.72% for the week.
-Microsoft [MSFT  Loading...      ()   ] was the biggest drag on the NASDAQ 100 by impact, down 6% for the week
-SanDisk [SNDK  Loading...      ()   ] had the most positive impact on the NASDAQ 100 up almost 22% for the week
-Wal-Mart [WMT  Loading...      ()   ] had the most positive impact on the S&P 500 and the Dow, up almost 3% for the week
-Exxon Mobil [XOM  Loading...      ()   ] had the most negative impact on the S&P 500, down almost 6% for the week
-IBM [IBM  Loading...      ()   ] had the most negative impact on the Dow, for the second week in a row, down over 6% for the week


The S&P 500 sectors turned in a predominantly negative performance this week led by Energy down almost 8% for the week, while Financial were the most positive sector, up almost 2% for the week.
-Energy was dragged down by National Oilwell Varco [NOV  Loading...      ()   ] down over 16% for the week
-Financials were buoyed by Zions Bancorp [ZION  Loading...      ()   ] up almost 23% for the week


Commodities sold off across the board on concerns about the US economy, weak global growth and a strong dollar.
-Oil closes down about 8% for the week to 5-month lows settling at $106.23 per barrel
-Copper, the base metal that best reflects the economy, also closed down almost 9% for the week
-Gold declines for a fifth straight day and falls almost 4% for the week
-Soy fell 11% on the week to five-month lows, and wheat and corn are both down more than 6% for the week as the forecast in the Midwest continues to call for warm weather.


The US Dollar continues to strengthen even though it lost some ground off its 11-month highs on weak US jobs data.
-The euro is at almost 11-month lows against the yen as speculation on a recession in the euro zone increases.


Bythenumbers.cnbc.com

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