On a week where Alcoa kicked off the earnings season with a miss, oil fell back below $80 per barrel, and the equity markets hit new intraday 52-week highs before losing momentum Friday with a triple digit loss for the Dow, and ended up turning in a negative weekly performance.
What follows is a summary of this week's statistics on the markets.
Since the Bottom
Sector Impact: 7 out of 10 S&P sectors were negative for the week led by telecom, down almost 4% for the week. Health Care, was the most positive sector up almost 1.5% for the week.
Commodity Impact:Oil settles at $78 per barrel, and down $4.75/barrel or 5.74% for the week, snapping a 4-week winning streak.
Currencies Impact: The dollar is stronger against the euro on concerns over Greek debt, but fell against the yen and pound sterling.
Global Index Performance: