US Stocks rose for the sixth consecutive week, led to the upside by the NASDAQ Composite, with a gain of 2%. During Friday's trading session, the Dow Jones Industrial Average crossed above the 11,000-mark for the first time in 18 months.
What follows is a summary of this week's statistics on the markets.
Highest Close in 2010
- On Friday, the Dow traded above 11,000 during intraday trading and closed at a fresh 18-month high of 10,997.35, its highest settle since 9/26/08
- The S&P also closed at a new 18-month high of 1,194.37, its highest closing price since 9/26/08
- The NASDAQ closed at 2,454.05, its highest level since 6/19/2008
Six Weeks of Consecutive Gains
- The last time that the Dow finished in positive territory for 6-weeks straight was on 4/17/2009 when the Dow advanced 22.7% in that rally
- The last time that the S&P finished in positive territory for 6-weeks straight was on 4/17/2009 when the S&P advanced 27.2% in that rally
- The last time that the NASDAQ finished in positive territory for 6-weeks straight was on 5/8/2009 when the NASDAQ advanced 12.54% in that rally
Equity Metrics This Week
- 18 of the 30 Dow components finished up for the week, while 12 companies closed in negative territory
- 354 of the S&P 500 components (~71%) finished up for the week, 144 declined, and 2 were unchanged
- 78 of the NASDAQ 100 components rose and 22 declined
Sector Impact: Seven out of ten sectors closed the week in positive territory, led to the upside by energy and consumer discretionary stocks.
- EOG Resources led the gains in the energy sector, up 10% for the week
- Consumer discretionary stocks were helped by Eastman Kodak, up 23% this week
- As the worst performing sector, health care stocks were hurt by Forest Laboratories, down 10% for the week
- Year-to-date, eight out of ten sectors are trading in positive territory, led to the upside by financials with a gain of 15%, and to the downside by the telecom sector, with a loss of 5%