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NASDAQ and Dow Climb for the Seventh Consecutive Week

The NASDAQ Composite and Dow rose for the seventh consecutive week, while the S&P 500 halted its winning streak, posting a weekly loss of 0.19%. US stocks fell during Friday's trading session, following news that the Securities and Exchange Commission charged Goldman Sachs with fraud related to subprime mortgages.

What follows is a summary of this week's statistics on the markets.

Highest Close in 2010

  • On Thursday, the Dow closed at a near 19-month high of 11,144.57, its highest settled level since 9/19/08, and finished up for the 6-consecutive day, its longest winning streak since 3/18/10
  • On Thursday, the S&P closed at an 18-month high of 1211.67, its highest settled level since 9/26/08, and finished up for the 6-consecutive day, its longest winning streak since 3/5/10
  • On Thursday, the NASDAQ closed at a 23-month high of 2,515.7, its highest settled since 6/5/08, and finished up for the 6-consecutive day, its longest winning streak since 3/11/10

Seven Weeks of Consecutive Gains

  • The last time that the NASDAQ finished in positive territory for 7-weeks straight was on 5/8/2009 when the NASDAQ advanced 19.33% in that rally
  • The last time that the Dow finished in positive territory for 7-weeks straight was on 5/18/2007 when the Dow advanced 9.73% in that rally

Equity Metrics This Week

  • 14 of the 30 Dow components finished up for the week, while 16 companies closed in negative territory
  • 244 of the S&P 500 components (~49%) finished up for the week, 254 declined, and 2 were unchanged
  • 63 of the NASDAQ 100 components rose, 36 declined, and 1 was unchanged



S&P 500

Sector Impact:
Seven out of ten sectors closed the week in negative territory, led to the downside by basic material stocks. Technology companies led the gains, up 1.4% for the week.

  • United States Steel was the biggest loser in the materials sector, down 7% for the week
  • Information Technology stocks were helped by Teradyne, up 9% this week
  • Year-to-date, eight out of ten sectors are trading in positive territory, led to the upside by industrials with a gain of 15.5%, and to the downside by the telecom sector, with a loss of 6%

More Weekly Stats Here

Commodity Impact:Crude oil for May delivery settled at $83.24 per barrel on Friday, down $1.68 for the week. Crude is currently down 42.71% from its Nymex record close of $145.29 reached on July 3, 2008.

  • Soybean meal futures were among the best performing commodities this week, rising 6%, while milk futures reversedlast week's gains, posting a loss of 5%


Currencies Impact: The US dollar and yen rose on Friday, following news that the Securities and Exchange Commission filed a civil suit against Goldman Sachs, alleging fraud and leading investors to seek refuge in both currencies.


Global Index Performance:


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