U.S. stocks finished January 2010 on a negative note, with all three major indices posting their worst monthly performance since February 2009.
What follows is a summary of this week's statistics on the markets.
January 2010 Performance
- The Dow finished down -360.72 or -3.46% for the month, its worst monthly percent drop since 2/2009 when it fell -11.7%, and its worst January since 2009
- The S&P finished down -41.23 or -3.70% for the month, its worst monthly percent drop since 2/2009 when it fell -10.9%, and its worst January since 2009
- The NASDAQ finished down -121.80 or -5.37% for the month, its worst monthly percent drop since 2/2009 when it fell -6.7%, and its worst January since 2009
Since the Peak
- The Dow is off by -4,097.20 or -28.93% from the market peak on October 9, 2007 of 14,164.53
- The S&P is off -491.28 or -31.39% from the market peak on October 9, 2007 of 1,565.15
- The NASDAQ is off -711.77 or -24.89% 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 69.27%, followed by the S&P and Dow 58.73%, up % and 53.77%, respectively
Sector Impact: 10 out of 10 sectors closed the week in negative territory, led to the downside by basic materials and technology stocks. This month, Health care is the only positive sector, up 0.42%.
- Materials were hurt this week by US Steel Corp. (X), down 19%
- Technology was hurt by Qualcomm (QCOM), down 16%
- This month, Health care stocks were helped by Gilead Sciences (GILD), up 12%