All major U.S. Indexes declined 1.8% or more for the week, logging weekly losses for a 2-straight week. A pullback in Industrials, a worse than expected ISM Manufacturing September reading, and continued weakness in the U.S. jobs data also pushed the CBOE Volatility Index (.VIX) up by 11.8% for the week.
*On Thursday, U.S. stocks marked their worst daily % decline in approximately 3 months, as the Dow & S&P shed 2.09% and 2.58% respectively, their biggest 1-day % drop since 7/2, and the Nasdaq fell 3.06%, its largest 1-day % drop since 6/22.
**Only 10% of the companies in the NASDAQ 100 are negative YTD
- Travelers (TRV) had the most positive impact on the Dow, up almost 2.7% for the week
- YTD, American Express (AXP) is the top Dow performer by % gain, up over 75% YTD
- Gannett Co (GCI) had the most positive impact on the S&P, up almost 25.9% for the week
- YTD, the top S&P performer by % gain is Tenet Health Care (THC) up over 366% YTD
- Warner Chilcott (WCRX) had the most positive impact on the NASDAQ 100 up almost 4.8% for the week
- YTD, the top NASDAQ 100 performer by % gain is Liberty Media (LINTA), up over 249% YTD
Sector Impact: 9 out the 10 S&P sectors were negative for the week led lower by Industrials down 3.46% for the week, with only Consumer Staples up by only 0.67%
- Industrials were weighed by Manitowoc Co. (MTW) down almost 14.5% for the week
- Consumer Staples were helped by Walgreens (WAG) up 12.98% for the week
- YTD only 2 out of 10 sectors are negative, led by Telecom Services down over 4.8% YTD and Utilities down about 2% YTD.