U.S. stocks posted their best weekly gain since November 6, 2009, led to the upside by the S&P 500 index, rising 3.13%. Industrial and material companies were among the best performers this week.
What follows is a summary of this week's statistics on the markets.
- On Friday, the NASDAQ posted 6-straight days of gains, its longest winning streak since 12/28/2009
- The Dow posted 4-straight days of gains, its longest streak since 1/11/10
- The S&P posted 4-straight days of gains, its longest winning streak since 1/11/10
- 29 of the Dow 30 components finished up for the week, while 1 company closed down, Kraft (KFT)
- 470 out of the 500 (~94%) S&P components finished up for the week, ~5.8% increased, and only 1 company was unchanged, Key Corp (KEY)
88of the NASDAQ 100 components rose for the week
Best February Since
- The Dow is up 3.3% month-to-date on track to its best February since 1998 when it gained 8.1%
- The S&P is up ~3.3% month-to-date, on track to its best February since 1998 when it gained 7.04
- The NASDAQ is up 4.5% month-to-date on track to its best February since 2000 when it gained 19.2% (biggest February % gain ever)
- The Dow is off by -323.08 points, or -3.0% from its highest close of the year (a 15-month high) reached on 1/19 of 10,725.43
- The S&P is off by -41.06 points, or -3.6% from its highest close of the year (a 15-month high) reached on 1/19 of 1150.23
- The NASDAQ is off by -76.53 points, or -3.3% from its highest close of the year (a 16-month high) reached on 1/19 of 2320.4
Sector Impact: 10 out of 10 sectors closed the week in positive territory, led to the upside by industrial and material stocks. Telecom companies were up the least this week, rising 0.83%.
- Industrials were helped this week by Iron Mountain (IRM), up 11%
- Material stocks received a lift from Cliff Natural Resources (CLF), up 17%
- Year-to-date, 5 out of 10 sectors are trading in the black, led to the upside by industrials with a gain of 3.5%