Quick Market Stats: Week Ending 9/26
On a week with mounting anxiety over a $700 billion financial bailout plan, following regulators' decision to seize Washington Mutual in the biggest bank closure in U.S. history; the Dow, S&P and NASDAQ fell more than 2% for the week, but ended mixed on Friday.
*The Russell 2000 plummeted almost 6.5% for the week.
-Microsoft had the most positive impact on the Dow, NASDAQ 100 and the S&P 500 up almost 9% for the week
-Wachovia had the most negative impact on the S&P, down almost 47% for the week
-DuPont had the most negative impact on the Dow, down almost 13% for the week (note that AIG was removed prior to market open Monday)
-Research in Motion had the most negative impact on the NASDAQ 100, down almost 32% for the week
All the S&P 500 sectors ended the week in negative territory, led by Materials down almost 10% for the week, while Health Care was the least negative sector, down almost 0.5% for the week.
-Materials were dragged down by Allegheny Technologies down almost 27% for the week
-Health Care was helped by Gilead Sciences up almost 5% for the week
Gold and silver futures continue to rally on safe-haven buying and concerns over the bailout.
-Silver increases by more than 8% for the week.
-Oil closed down on Friday but increased about 4% for the week