On a week dominated by news in the autos sector, President Obama and the G20 summit; all major indexes closed positive on Friday, and up over 3% or greater for the week, led by the Russell 2000 with a weekly gain of 6.32%.
- All major indices closed up for the fourth consecutive week, led by the NASDAQ Composite with a gain of 25.4%, followed by the S&P 500, up 23%, and the Dow with a gain of 21%.
- The current 4-week rally for the NASDAQ, up 25.4%, is its best ever
- The NASDAQ Composite is once again positive in 2009 up 2.84% YTD, and the NASDAQ 100 stays in the green for the year, now up 8.63% YTD
- The last time the Dow and S&P had gains north of 21% and 23% respectively in four consecutives weeks, was May 1933, when the Dow rose 31%, and the S&P gained 35.4%
- The last time all three major indices experienced four consecutive weeks of gains was October 2007
- Since March 9th lows, the Dow is up 22.46%, the NASDAQ is up 27.84% and the S&P is up 24.53%
- Information Technology and Materials hold onto their positive gains in 2009, up 11.15% and 4.4% YTD respectively