On a mostly negative week for the markets, where tech outperformed and the NASDAQ 100 was the only major index positive for the week, the Dow finishes in the red to close below the 10,000-mark on Friday.
- The Dow hit a new closing high for the year on Monday of 10,092.19, and a new intraday high of 10,119.4
- The highest close EVER for the Dow was on 10/9/2007 when the Dow settled at 14,164.53, the highest close ever for the S&P was 1,565.15 on 10/9/2007, and the highest close ever for the NASDAQ was on 3/10/2000 when it closed at 5132.52
- Since the March 9 lowthe S&P is up 59.58%, the Dow is up 52.32%, the NASDAQ is up 69.83%, and the Russell 2K is up 75.02%
Caterpillar (CAT) had the most positive impact on the Dow, up over 5.5% for the week
*Year-to-date, American Express (AXP) continues to be the top Dow performer by % gain, up over 86% YTD
Boeing (BA) had the most negative impact on the Dow, down over 6% for the week
*YTD, Verizon (VZ) continues to be the worst Dow performer by % loss, down almost 15% YTD
Apple (AAPL) had the most positive impact on the S&P & the NASDAQ 100, up almost 8.5% for the week
*YTD, the top S&P performer by % gain continues to be Tenet Healthcare (THC) up over 403% YTD
*YTD, the top NASDAQ 100 performer by % gain continues to be Liberty Media (LINTA), up almost 287% YTD
General Electric (GE) had the most negative impact on the S&P, down almost 6% for the week
*YTD, Marshall & Ilsley (MI) is the worst S&P performer by % loss, down over 56% YTD
Amgen (AMGN) had the most negative impact on the NASDAQ 100, down almost 8.5% for the week
*YTD, the worst NASDAQ 100 performer by % loss continues to be Cephalon (CEPH) down over 30% YTD
Sector Impact: 9 out of 10 S&P sectors were negative for the week led by Materials, down nearly 2%. Information Technology was the only positive sector, up about 1% for the week.
- Materials was hurt by Pactiv (PTV) down almost 9% for the week
- Technology was helped by Lexmark (LXK) up over 24% for the week
- Year-to-date, 9 out of 10 sectors are positive led by Tech, up almost 49.5% in 2009
- Telecom continues to be the most negative sector year-to-date, down nearly 8%
Commodity Impact: NYMEX crude oil for December delivery settled at $80.50 per barrel on Friday, up for the fourth straight week.
The AAA current national average for regular gas is $2.636 per gallon, down 6.59% from a year ago when the average was $2.822 per gallon. The spread between current prices and last year's record prices continues to tighten.
The highest recorded average price by AAA was on 7/17/2008, when the national average was $4.114 per gallon.