Quick Market Stats: Week Ending 12/05
The US dollar rose versus the pound sterling and Swedish krona, as investors sought refuge in the greenback amid another round of rate cuts in Europe this week (Global Interest Rates). However, the dollar lost ground against the yen, as investors favor the Japanese currency low-yielding status.
As the US economy "officially" enters recession, the markets slide about 2% for the week, but staged a comeback on Friday after absorbing the worst job loss since 1974. The Dow traded in an almost 570 point range. Year-to-date, the Dow is down about 35% while the S&P and NASDAQ have fallen 40% or greater.
Index Impact:-3M had the most negative impact on the Dow, down almost 11% for the week.
-McDonald's had the most positive impact on the Dow, up almost 7% for the week.
**2 Dow components are now positive for the year: WMT is up almost 23% YTD and MCD is now up over 6% YTD
-Exxon had the most negative impact on the S&P 500, down over 4% for the week.
-Wal-Mart had the most positive impact on the S&P 500, up over 4% for the week
-Amazon.com had the most positive impact on the NASDAQ 100, up 13% for the week
-Cisco had the most negative impact on the NASDAQ 100, down almost 4% for the week