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%
