US Stocks rose for the fourth consecutive week, led to the upside by the Dow Jones Industrial average. The Dow and S&P 500 are on track for their best first quarter since 1999.
What follows is a summary of this week's statistics on the markets.
Highest Close in 2010
- On Tuesday, the Dow closed at a fresh 18-month high of 10,888.83, its highest settle price since 9/26/08
- The S&P closed at a new 18-month high of 1,174.17, its highest closing price since 9/26/08
- The NASDAQ settled at 2,415.24, its highest closing level since 8/18/08
Four Weeks of Consecutive Gains
- The Dow is up 5.09% month-to-date, and on track to its best monthly percent gain since November 2009
- The S&P is up 5.62% month-to-date, and on track to its best monthly percent gain since November 2009
- The NASDAQ is up 7.01% month-to-date, and on track to its best monthly % gain since July 2009
Equity Metrics This Week
- 21 Dow 30 components finished up for the week, while 7 companies closed down, and AT&T finished flat
- 279 of the 500 (65%) S&P components finished up for the week, 220 declined, and 1 was unchanged
- 53 of the NASDAQ 100 components rose, 46 declined, and 1 was unchanged
Sector Impact: Six out of ten sectors closed the week in positive territory, led to the upside by consumer discretionary and financial stocks.
- This week, consumer discretionary stocks were helped by RadioShack, up 7%
- Genworth Financial led the gains in the financial sector, up 11% for the week
- As the worst performing sector, energy stocks were hurt by Chesapeake Energy, down 8% 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 12%, and to the downside by the telecom sector, with a loss of 6%