All major U.S. indices closed to the upside on Friday, as less than expected job losses in August led investors to focus on the positive side of a mixed payroll report, which showed that the unemployment rate jumped to 9.7%, or its highest level since 1983. Despite of Friday's gains, the S&P 500, Dow, and Nasdaq Composite broke two weeks of consecutive gains, to finish the week in negative territory.
Since March 9
The Nasdaq Composite is up 59.13% from its March 9 multi-year low, followed by the S&P, up 50.24%, and the Dow with a gain of 44.21%.
Sector Impact: Nine out of ten sectors closed the week in the red, dragged to the downside by Financial and Energy companies. The S&P's Consumer Staples sector finished the week slightly positive, posting a gain of 0.56%.
- American International Group (AIG) was the biggest percent loser in the S&P 500, down 20.1% for the week
- Newmont Mining (NEM) was the biggest percent gainer in the S&P 500, up 11.6% for the week
- Eight out of ten sectors are positive year-to led by Tech, up almost 40%