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U.S. Stocks Finish the First Trading Week of 2010 in the Black

U.S. stocks finished the first trading week of 2010 on a positive note, with the Dow and S&P 500 reaching their highest level in 15-months.

What follows is a summary of this week's statistics on the markets.

First Trading Day

  • Since 1900, the Dow has averaged gains of 0.2% during the 1st trading day of a year, up 60% of the time, and down 40% of the time; with its largest increase of 3.94% in 1988, and worst decline of -8.1% in 1932
  • Since 1928, the S&P has averaged gains of 0.16% during the 1st trading day of a year, up 54% of the time, and down 46% of the time, with its largest increase of 4.47% in 1938, and worst decline of -5.3% in 1932.
  • Since 1971, the NASDAQ has averaged losses of -0.03% during the 1st trading day of a year, up 58% of the time, and down 42% of the time, with its largest increase of 3.7% in 2003, and worst decline of -7.23% in 2001

Since the Peak

  • The Dow is off by -3,546.34 or -25.04% from the market peak on October 9, 2007 of 14,164.53
  • The S&P is off -420.17 or -26.85% from the market peak on October 9, 2007 of 1,565.15
  • The NASDAQ is off -541.95 or -18.96% from its 6-year + high reached on October 31, 2007 of 2,859.12

Since the Bottom

  • Since the March lows, the NASDAQ is leading the way with a gain of 82.7%, followed by the S&P and Dow 69.2%, up % and 62.1%, respectively


Sector Impact: 8 out of 10 sectors closed the week in positive territory, led to the upside by financial and basic materials stocks. Telecom is the worst performing sector this week, down 2.9%.

  • Financials were helped this week by Zions Bancorp (ZION), up 28%
  • Telecom was hurt by MetroPCS (PCS), down 7%

More Weekly Stats Here

Commodity Impact:Crude oil for February delivery closed at $82.75 per barrel on Friday, up $3.39, or 4.27% for the week.

  • Central Appalachian coal was among the best performing commodities this week, marking a gain of 20%, while milk was among the worst performers, down 7.7%



Currencies Impact: On Friday, the dollar index posted its biggest one-day loss since December 1, 2008, following an unexpected decline of 85,000 U.S. nonfarm payrolls last month, reducing expectations of a rate increase in the near future.


Global Index Performance:


Note: Data based on preliminary numbers. May adjust slightly due to settling at close.

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