US Stocks rose for the second consecutive week, with the S&P 500 Index and NASDAQ Composite reaching a new high for the year on Thursday, March 11.
What follows is a summary of this week's statistics on the markets.
Equity Metrics This Week
- 21 of the Dow 30 components finished up for the week, while only 3 companies closed down
- 325 of the 500 (65%) S&P components finished up for the week, 34% declined, and 1% were unchanged
- 75 of the NASDAQ 100 components rose, 24 declined, and 1 finished flat for the week, Adobe Systems (ADBE)
Highest Close in 2010
- The S&P reached a new high for 2010, settling at 1150.24 on 3/11/10, its highest close since 10/1/08
- The NASDAQ Composite also closed at a new high for the year, settling at 2368.46 on 3/11/10, its highest close since 8/28/2008
- The Dow is off by -100.74 points, or -0.94% from its highest close of the year (a 15-month high) reached on 1/19 of 10,725.43
Sector Impact: Seven out of ten sectors closed the week in positive territory, led to the upside by financial and material stocks.
- For the second consecutive week, financial stocks were helped by American International Group, up 22%
- Owens Illinois led the gains in the material sector, up 8% for the week
- Year-to-date, eight out of ten sectors are trading in positive territory, led to the upside by industrials with a gain of 8.6%, and to the downside by the telecom sector, with a loss of 7.6%