All major US indices break four weeks of consecutive gains, closing to the downside on Friday, after a drop in consumer sentiment data in August.
Since March Lows: The NASDAQ Composite is up 56.51% from its March lows, followed by the S&P, up 48.42%, and the Dow with a gain of 42.38%.
- Liberty Media (LINTA), Seagate Technology (STX), and Wynn Resorts (WYNN) are the S&P 500 largest percent gainers since the March lows, up over 260% from their close on March 9
Sector Impact: Six out of ten sectors closed the week in negative territory, led by Consumer Discretionary and Industrial companies.
- The S&P's Health Care sector took the lead to the upside, posting a gain of 0.58% for the week
- Sara Lee (SLE) was the biggest percent loser in the S&P 500, down 12.17% for the week
- Tenet Healthcare (THC) was the biggest percent gainer in the S&P 500, up 15.78% for the week
Commodity Impact: Crude oil for September delivery closed at $67.51 per barrel on Friday, down $3.42 this week, or 4.82%.
Prices of US light, sweet crude at the NYMEX are up 85% from their lowest close this year of $36.51 reached on January 17.
As per the AAA, the national average price of regular gasoline is at $2.647 per gallon, down 36% from its record high of $4.114 reached on July 17 last year.
Currency Impact: The US dollar and yen rose against higher yielding currencies on Friday, as concerns for an economic recovery were hindered by weak consumer data.
World Indexes Performance: