The NASDAQ Composite and Dow rose for the eighth consecutive week, with the Dow marking its longest winning streak since January 2004. Energy and consumer discretionary stocks led the gains in the S&P 500, while health care companies were the laggards this week.
What follows is a summary of this week's statistics on the markets.
Highest Close in 2010
Eight Weeks of Consecutive Gains
Equity Metrics This Week
Sector Impact: Nine out of ten sectors closed the week in positive territory, led to the upside by energy and consumer discretionary stocks.
Commodity Impact:Crude oil for June delivery rose for the third consecutive week, settling at $85.12 per barrel on Friday, up $0.45 this week. Crude is currently down 41.41% from its Nymex record close of $145.29 reached on July 3, 2008.
Currencies Impact: The euro recovered from a one-year low versus the greenback on Friday, following news that Greece asked to activate an European Union/International Monetary Fund aid mechanism to begin the first financial aid rescue for the debt-stricken nation.
Global Index Performance: