By the Numbers

S&P and Nasdaq Break 7 Months of Gains

The S&P 500 and NASDAQ Composite broke 7 months of consecutive gains to finish October in the red, down 1.9% or more for the month. 

In October, the Dow, S&P 500 and NASDAQ Composite hit new highs for 2009

  • The Dow broke the 10,100-mark this month, trading as high as 10,119.47, its highest level since October 2008
  • The S&P 500 hit a new 2009 high of 1,101.36 this month, its highest level since October 2008
  • The NASDAQ Composite hit a fresh 2009 high of 2,190.64, its highest level since September 2008

This week, the NASDAQ is down the most among the three major indices, falling 5.08.

Since the March lows, the NASDAQ is leading the way with a gain of 61.2%, followed by the S&P and Dow, up 53.2% and 48.4%, respectively.

Sector Impact: 8 out of 10 S&P sectors were negative for the month led by Financials, Materials and Telecom stocks.  Energy led the gains this month, up 3%. 

  • Financials were hurt by MBIA (MBI),down nearly 48% for the month
  • Energy was helped by Pioneer Natural Resources (PXD), up over 13% for the month
  • For the week, ten out of ten sectors were down led by Materials, Financials and Industrial companies
  • Year-to-date, eight out of ten sectors continue to trade in positive territory, with technology trading up 44%

More Weekly Stats Here

Commodity Impact:  Crude oil for December delivery closed at $77 per barrel on Friday, up $6.39 this month. 
Orange juice was among the best performing commodities this month, posting a gain of 26% in October, while sugar was among the worst performers, down 5.6%.

Currencies Impact:  The U.S. dollar was poised to closed down for the eighth straight month,  falling 0.34% in October.

Global Index Performance: 

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

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