US Stocks posted another week of strong gains, led to the upside by the NASDAQ Composite index, settling on Friday at its highest close since September 3, 2008.
What follows is a summary of this week's statistics on the markets.
Equity Metrics This Week
- 27 of the Dow 30 components finished up for the week, while only 3 companies closed down
- 464 out of the 500 (~93%) S&P components finished up for the week, ~6.6% declined, and 0.4% were unchanged
- 91 of the NASDAQ 100 components rose, 8 declined, and 1 finished flat for the week
Up vs. Down Days
- The Dow closed in positive territory 59% of the time this year or up 26 days
- The S&P closed in positive territory 64% of the time this year or up 28 days
- The NASDAQ closed up in positive territory 59% of the time this year or up 26 sessions
Highest Close in 2010
- The Dow is off by -159.23 points, or -1.48% 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 -11.53 points, or -1% from its highest close of the year (a 15-month high) reached on 1/19 of 1150.23
- On Friday, the NASDAQ closed at highest level for the year at 2326.35, and reached a new 52-week high during intraday at 2327.03, its highest intraday and closing levels since 9/3/2008
Sector Impact: 10 out of 10 sectors closed the week in positive territory, led to the upside by financial and consumer discretionary stocks.
- Financial stocks were helped this week by American International Group (AIG), up 13%
- Abercrombie & Fitch (ANF) led the gains in the consumer discretionary sector, up 16%
- Year-to-date, 7 out of 10 sectors are trading in positive territory, led to the upside by industrials with a gain of 7%, and to the downside by the telecom sector, with a loss of 10%