US Stocks Post Biggest Weekly Gain of 2010

US stocks posted their best weekly gain since July 17, 2009, with the S&P 500 rising 5.41%. Next week, Alcoa will kick off Q2 earnings season, scheduled to report after the bell on Monday.

What follows is a summary of this week's statistics on the markets.

Dow Jones Industrial Average

• The Dow ended up 511.24 or 5.28% for the week, its best weekly percent increase since July 17, 2009, when it rose
• The Dow’s current 5.28% weekly gain is its biggest 4-day weekly percent increase since January 2, 2009, when it rose 6.1% in that short-trading week
• 29 of the Dow 30 components rose for the week, only 1 company declined, Verizon , down 0.6% for the week
• On Wednesday, the Dow closed up 274.66 points or 2.82% at 10,018.28 marking its biggest one-day percent gain since May 27 when it rose 2.85%
• The Dow has closed above 10K when the prior day's close is below 10K only 32 times since inception. (In 2010, only 4 times including 2/9, 5/27, & 6/10 & 7/7)
• In 2010, the Dow has settled above 10K approximately 92% of the time this year or 119 trading days out of 130
• On Friday, the Dow settled up for the 4th consecutive day at 10197.72 as it has recorded winning streaks of 4 days or more 8 times this year
• The Dow is currently off by -1007.31 or -9% from its 2010 closing high of 11,205.03 reached on April 26
• The Dow is off by -3,966.81 or -28.01% from the market peak on October 9, 2007 of 14,164.53

S&P 500

• The S&P 500 ended up 55.35 or 5.41% for the week, its best weekly percent increase since July 17, 2009, when it rose 6.97%
• The S&P’s current 5.4% weekly gain is its biggest 4-day weekly percent increase since January 2, 2009, when it rose 6.76% in that short-trading week
• 486 (~97%) of the S&P 500 components advanced for the week
• On Wednesday, the S&P closed up 32.21 points or 3.13% at 1060.27 marking its biggest 1-day percent gain since May 27, when it rose 3.29%
• On Friday the S&P settled up for the 4th consecutive day at 1077.93 as it has recorded winning streaks of 4 days or more 5 times this year
• The S&P is currently off by -139.35 or -11.45% from its 2010 closing high of 1,217.28 reached on April 23
• The S&P is off -487.22 or-31.13% from the market peak on October 9, 2007 of 1,565.15

NASDAQ Composite

• The NASDAQ Composite ended up 104.66 or 5% for the week, its best weekly percent increase since July 17, 2009, when it rose 7.44%
• The NASDAQ’s current 5% weekly gain is its biggest 4-day weekly percent increase since January 2, 2009, when it rose 6.66% in that short-trading week
• 96 of the NASDAQ 100 components increased for the week
• On Wednesday, the NASDAQ closed up 65.59 points or 3.13% at 2159.47 marking its biggest 1-day percent gain since May 27, when it rose 3.73%
• On Friday, the NASDAQ settled up for the 4th consecutive day at 2196.45 as it has recorded winning streaks of 4 days or more 6 times this year
• The NASDAQ is currently off by -333.7 or -13.2% from its 2010 closing high of 2,530.15 reached on April 23
• The NASDAQ is -662.67 or -23.18% from its 6-year high reached on October 31, 2007 of 2,859.12

S&P 500 Sectors

Ten out of ten sectors closed the week in positive territory, with material and financial stocks taking the lead, reversing their losses from last week.

• Marshall & Ilsley was the biggest percent gainer in the financial sector, up 17% for the week
• Material stocks were helped by AK Steel, up 14% this week
• Year-to-date, seven sectors are trading in the red, with telecom and energy stocks down the most

More Weekly Stats Here

Commodity Impact:Crude oil for August delivery settled at $76.09 on Friday, up $3.95, or 5.48% for the week. Crude closed up four of the past five weeks.

• Milk futures were among the best performing commodities, rising 8% this week, while orange juice futures were among the worst performers, posting a loss of nearly 9%

Currencies Impact: For the second consecutive week, the US dollar lost the most ground against the Australian and New Zealand dollar, depreciating over 3% for the week.

Global Index Performance:

Note: Data based on preliminary numbers. May adjust slightly due to settling at close.

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