US Stocks rose for the third consecutive week, with the Dow halting its eight-session winning streak on Friday.
What follows is a summary of this week's statistics on the markets.
Highest Close in 2010
- On Thursday, the Dow closed at a fresh 18-month high of 10,779.17, its highest settle price since 10/1/08
- The Dow closed up for the eight-consecutive day on Thursday, its longest winning streak since 8/27/2009 when it rose 4.9% during this period
- On Wednesday, the S&P closed at a new 18-month high of 1,166.21, its highest closing price since 9/30/08
- On Thursday, the NASDAQ settled at 2,391.28, its highest closing level since 8/28/2008
Three Weeks of Consecutive Gains
- The Dow is up 4.04% month-to-date, and on track to its best monthly percent gain since November 2009
- The S&P is up 5.02% month-to-date, and on track to its best monthly percent gain since November 2009
- The NASDAQ is up 6.08% month-to-date, and on track to its best monthly % gain since July 2009
Equity Metrics This Week
- 22 of the Dow 30 components finished up for the week, while only 8 companies closed down
- 324 of the 500 (65%) S&P components finished up for the week, 172 declined, and 4 were unchanged
- 66 of the NASDAQ 100 components rose, while 34 declined
Sector Impact: Nine out of ten sectors closed the week in positive territory, led to the upside by telecommunication services and industrial stocks.
- This week, telecom stocks were helped by MetroPCS Communications, up 5%
- General Electric, the parent company of NBC/CNBC, led the gains in the industrial sector, up 6% for the week
- Year-to-date, seven out of ten sectors are trading in positive territory, led to the upside by industrials with a gain of 11%, and to the downside by the telecom sector, with a loss of 5%