Quick Market Stats: Week Ending 10/17
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week. The Russell 2000 lags, up under 1% for the week.
On Friday, all the major indexes closed for the day in negative territory.
-The Dow is still down over 37% from its market peak on October 9, 2007 of 14,164.53
-The S&P is still down almost 39% from its peak of 1565.15 on October 9, 2007
-The NASDAQ is still down almost 39% from its peak of 2859.12 hit on October 31, 2007
-The VIX hit a high of 81.17 on Thursday, but ended the week at about 69.
-Johnson & Johnson had the most positive impact on the Dow, up over 12% for the week
*Only 3 Dow components were negative for the week, General Electric trading at 20+ year lows not seen since Spring, 1997; Caterpillar is trading at 4+ year lows not seen since Fall, 2004; and JPMorgan
-Caterpillar had the most negative impact on the Dow down almost 9% for the week
-Exxon had the most positive impact on the S&P 500, up over 9% for the week
-General Electric had the most negative impact on the S&P, down almost 9% for the week
*The second biggest S&P % loser for the week, Dillards, is down over 30% for the week and trading at 23+ year lows not seen since January, 1985
-Microsoft had the most positive impact on the NASDAQ 100, up over 11% for the week
-Amazon.com (AMZN) had the most negative impact on the NASDAQ 100, down almost 10% for the week
*Lamar Advertising was the biggest % loser in the NASDAQ 100 for the week, down almost 20% for the week, Lamar is trading at 20+ year lows not seen since September, 1997.
Nine out of ten sectors were positive for the week led by Health Care up almost 9%.
-Health Care was buoyed by UnitedHealth up almost 41% for the week
The Industrials sector finished the week down 1.51%, impacted by Ryder System down almost 11%
Oil settled at $71.85 per barrel Friday, after settling below $70 on Thursday, hitting a 14- month low. Oil is now down over 25% year-to-date.
*OPEC called an emergency meeting for October 24th where there is a high probability that oil production will be reduced.