Market 360: The Week's Best & Worst
All major US indices finished in the black for the week, marking three weeks of consecutive gains, as improving economic data released this week boosted investors hopes of a recovery.
- The NASDAQ composite continues to lead the way among the major indices, advancing 10.08% in the past three weeks
- The S&P 500 and Dow are up 6.48% and 5.98% respectively during the same period
- The NASDAQ Composite is up 45.78% from its March lows, followed by the S&P 500, up 38.96%, and the Dow with a gain of 33.85%
- Year-to-date, the Dow's top performer include: American Express (AXP), Industrial Business Machines (IBM), and Boeing (BA).
- Sun Microsystems (JAVA), Baidu (BIDU), and Research in Motion (RIMM) are leading the NASDAQ 100 to the upside in 2009
Eight out of ten sectors closed the week in positive territory, led by Industrials, Information Technology and Consumer Discretionary companies.
- Industrials were helped by Boeing (BA) and Illinois Tool Works, up 17% and 15% for the week, respectively
- Among the biggest percent gainers in the IT sector for the week, EMC (EMC) rose 10%, while shares of Agilent Technologies (A) gained 9%
- Year-to-date, 4 out of 10 sectors are trading in positive territory, led by Information Technology, up over 24%, and lagged by Telecom, which is down about 8% in 2009