The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. In late trading Friday, the Nasdaq managed to close the trading session slightly positive, up about 0.4% for the day.
All major US indices continue to trade within their best 6-month rally since October, 1933, and are tracking to close up 2.5% or greater for the month.
- On a month-over-month basis, both indexes are on track for their best monthly performance since July of this year
- In August, the Dow has traded in positive territory 64.5% of the time, gaining on average 1.25%. The S&P has been on the black 59.3% of the time, gaining on average 0.84%
- The Nasdaq is on track for its best August performance since 2006, and its best monthly performance since July as well
- In August, the Nasdaq has been positive for the month 55.3% of the time, gaining on average 0.37%.
- Since the March 9th lows, the S&P is up 52.09%, the Dow is up 45.78%, and the Nasdaq is up 59.92%
Index Impact:
Boeing (BA) had the most positive impact on the Dow, up over 11% for the week
- Month-to-date, Bank of America (BAC) is the top Dow performer by % gain, up almost 22%
- Year-to-date, American Express (AXP) continues to be the top Dow performer by % gain, up almost 85%
- 21 Dow components are positive in 2009: AXP, IBM, INTC, JPM, CSCO, DD, BAC, MSFT, MMM, HPQ, HD, BA, DIS, UTX, AA, TRV, KO, MRK, KFT, CAT, JNJ
IBM (IBM) had the most negative impact on the Dow, down almost 1.4% for the week
- Month-to-date, Procter & Gamble (PG) is the worst Dow performer by % loss, down over 4%
- Year-to-date, Procter & Gamble (PG) is the worst Dow performer by % loss, down almost 14% YTD
Intel (INTC) had the most positive impact on the S&P & NASDAQ, up over 7% for the week
- Month-to-date, the top S&P performer by % gain is AIG (AIG) up over282%
- Year-to-date, the top S&P performer by % gain is XL Capital (XL) up almost365%
- MTD, the top NASDAQ 100 performer by % gain is Liberty Media (LINTA), up over 45%
- YTD, the top NASDAQ 100 performer by % gain is Seagate (STX), up over 216%
Wells Fargo
(WFC) had the most negative impact on the S&P, down over 2% for the week
- Month-to-date, MetroPCS (PCS) is the worst S&P performer by % loss, down almost 31%
- Year-to-date, Marshall & Ilsley (MI) is the worst S&P performer by % loss, down almost 48%
Research in Motion (RIMM) had the most negative impact on the NASDAQ 100, down about 4.5% for the week
- Month-to-date, the worst NASDAQ 100 performer by % loss is First Solar (FSLR) down almost 20%
- Year-to-date, the worst NASDAQ 100 performer by % loss is Pharmaceutical Product Development (PPDI) down over 30%
Sector Impact: Four out of ten S&P sectors were positive for the week led by Financials, up almost 1.2%. Utilities were the most negative sector, down about 0.73% for the week.
- Financials were helped by AIG (AIG), up almost 53% for the week
- Utilities were hurt by Dynegy (DYN), down almost 4% for the week
- Month-to-date, nine out of ten sectors are positive led by Financials, up over 13%
- Year-to-date, nine out of ten sectors are positive led by Tech, up almost 40%
