U.S. stocks finished the first week of February on a negative note, led to the downside by the Dow Jones Industrial Average. This week, the Dow broke below the 10,000-mark, trading as low as 9,835.02 on Friday, its lowest level since November 5, 2009.
The equity index, however, managed to recover from a 167-point drop, closing the day in positive territory, up 0.1%.
What follows is a summary of this week's statistics on the markets.
First Week of February
Since the Peak
Since the Bottom
Sector Impact: 8 out of 10 sectors closed the week in negative territory, led to the downside by utilities and health care stocks. Basic material and technology stocks managed to post a gain this week, up 0.83% and 0.72%, respectively.
Commodity Impact:Crude oil for March delivery closed at $71.19 per barrel on Friday, down $1.70, or 2.33% for the week. Crude oil traded in a range between $78.04 and $69.5 this week, falling below the $70-mark on Friday to its lowest level since December 15, 2009.
Currencies Impact: The euro fell to an eight-half month low versus the greenback on Friday, as concerns over wide euro zone debts pushed investors away from risky assets.
Global Index Performance: