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U.S. Stocks Finish January 2010 in the Red

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%

More Weekly Stats Here

Commodity Impact:Crude oil for March delivery closed at $72.89 per barrel on Friday, down $6.47, or 8.15% for the week.

  • Sugar was among the best performing commodities this week, marking a gain of 2.8%, while natural gas was among the worst performers, down 10.8%
  • Sugar was also among the best performing commodities this month, posting a gain of 9.8%, while oats futures were among the worst performers, down 17.7%


Currencies Impact: On Friday, the dollar index rallied to its highest level since August 2009 on stronger-than-expected U.S. GDP data.


Global Index Performance:



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

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