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U.S. Equities Post their First Weekly Decline of 2010

On a week where Alcoa kicked off the earnings season with a miss, oil fell back below $80 per barrel, and the equity markets hit new intraday 52-week highs before losing momentum Friday with a triple digit loss for the Dow, and ended up turning in a negative weekly performance.

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

  • The Dow ended down -8.54 or -0.08% for the week, but it has gained 181.6 points or 1.74% in the past 2-weeks, its biggest 2-week gains since 11/20/09.
  • The S&P 500 ended down -8.95 or -0.78% for the week, but it has gained 20.93 points or 1.88% in the past 2-weeks, it biggest 2-week gains since 11/20/09.
  • The NASDAQ Composite ended down -29.18 or -1.26% for the week, it worst weekly % drop since 10/30/09
  • Since the Oct, 2007 peak, the S&P is down 27.42%, the Dow is down 25.10%, the NASDAQ is down 18.40%, and the Russell 2K is down 24.57%

Since the Bottom

  • Since March 9th lows, the S&P is up 67.92%, the Dow is up 62.05%, the NASDAQ is up 80.36%, and the Russell 2K is up 85.85%


Sector Impact: 7 out of 10 S&P sectors were negative for the week led by telecom, down almost 4% for the week. Health Care, was the most positive sector up almost 1.5% for the week.

  • Health care was helped by Boston Scientific (BSX) up over 4.75% for the week
  • Telecom was hurt by MetroPCS (PCS) down almost 11% for the week
  • YTD, 7 out of 10 S&P sectors are positive led by Industrials up almost 5% YTD. The most negative sector YTD is Telecom, down almost 6.5%

More Weekly Stats Here

Commodity Impact:Oil settles at $78 per barrel, and down $4.75/barrel or 5.74% for the week, snapping a 4-week winning streak.

  • Gas Prices: The AAA current national average for regular gas is $2.757 per gallon UP 53.25% from a year ago when the average was $1.799 per gallon. The highest recorded average price by AAA was on 7/17/2008, when the national average was $4.114 per gallon.



Currencies Impact: The dollar is stronger against the euro on concerns over Greek debt, but fell against the yen and pound sterling.

  • The all-time high of the dollar index was 164.72 hit in February, 1985, data provided by Ray McKenzie @ ICE
  • he all-time low of the dollar index was 70.69 hit in March, 2008, data provided by Ray McKenzie @ ICE


Global Index Performance:



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

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