The NASDAQ Composite and Dow rose for the seventh consecutive week, while the S&P 500 halted its winning streak, posting a weekly loss of 0.19%. US stocks fell during Friday's trading session, following news that the Securities and Exchange Commission charged Goldman Sachs with fraud related to subprime mortgages.
What follows is a summary of this week's statistics on the markets.
Highest Close in 2010
Seven Weeks of Consecutive Gains
Equity Metrics This Week
Sector Impact: Seven out of ten sectors closed the week in negative territory, led to the downside by basic material stocks. Technology companies led the gains, up 1.4% for the week.
Commodity Impact:Crude oil for May delivery settled at $83.24 per barrel on Friday, down $1.68 for the week. Crude is currently down 42.71% from its Nymex record close of $145.29 reached on July 3, 2008.
Currencies Impact: The US dollar and yen rose on Friday, following news that the Securities and Exchange Commission filed a civil suit against Goldman Sachs, alleging fraud and leading investors to seek refuge in both currencies.
Global Index Performance: