All major U.S. Indexes declined 1.8% or more for the week, logging weekly losses for a 2-straight week. A pullback in Industrials, a worse than expected ISM Manufacturing September reading, and continued weakness in the U.S. jobs data also pushed the CBOE Volatility Index (.VIX) up by 11.8% for the week.
*On Thursday, U.S. stocks marked their worst daily % decline in approximately 3 months, as the Dow & S&P shed 2.09% and 2.58% respectively, their biggest 1-day % drop since 7/2, and the Nasdaq fell 3.06%, its largest 1-day % drop since 6/22.
**Only 10% of the companies in the NASDAQ 100 are negative YTD
Sector Impact: 9 out the 10 S&P sectors were negative for the week led lower by Industrials down 3.46% for the week, with only Consumer Staples up by only 0.67%
Commodity Impact: Oil settled lower on Friday at $69.95 per barrel, but finished up 5.95% for the week, its best weekly performance since 8/21
Currencies Impact: The U.S. dollar was slightly up 0.31% against its major rivals week-to-date, but 0.13% lower versus the yen for the week.
Global Index Performance: