Quick Market Stats: Week Ending 1/16
The US government's rescue of Bank of America weighed on the dollar stemming safe-haven flows, though the dollar did gain against the yen.
On Friday, the US markets managed to close in positive territory for the day, however, they turned in their second-down-week in a row losing almost 3% or greater across the board, led by the S&P 500 Index. Government bailouts continue and acronyms abound, as the Senate approved the release of the remaining $350K from the TARP and there is hope that the TALF may stimulate the asset-backed securities market.
*Volatility heats up again in 2009 with the VIX gaining almost 8% this week, and crossing above 50 again for the first time since December 17th.
-Kraft had the most positive impact on the Dow, up over 3% for the week.
**In 2009, the top Dow performer by % gain is GM, for the second week in a row, up almost 23% YTD
-Bank of America had the most negative impact on the Dow & the S&P 500, down almost 45% for the week
**Bank of America (BAC) is also the worst Dow & S&P performer in 2009 by % loss, down over 49% YTD.
-Altria had the most positive impact on the S&P 500, up almost 9% for the week.
**American Capital (ACAS) is the top performer in the S&P in 2009 by % gain for the second week in a row, up over 41% YTD
-Research in Motion had the most positive impact on the NASDAQ 100, up almost 8% for the week.
**Sears Holding (SHLD) is the top NASDAQ 100 performer in 2009 by % gain, up almost 27% YTD
-Apple had the most negative impact on the NASDAQ 100, down over 9% for the week.
**Intuitive Surgical (ISRG) is the worst NASDAQ 100 performer in 2009 by % loss for the second week in a row, down over 21% YTD