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%