US stocks ended the week down almost 1.7% or greater, marking the worst June weekly debut since 2008 when the Dow lost -3.39%, the S&P fell -2.83%, and the NASDAQ declined -1.91% in the first week of June.
The Dow settled below the 10,000-mark, reaching its lowest level since February 8, 2010.
What follows is a summary of this week's statistics on the markets.
- Disney (DIS) had the most positive impact on the Dow up 0.81% for the week
- Year-to-date, Boeing (BA) continues to be the top Dow performer by percent gain, up over 13%
- 3M (MMM) had the most negative impact on the Dow, down over 4% for the week
- Year-to-date, Alcoa (AA) continues to be the worst Dow performer by percent loss, down almost 33%
- Google (GOOG) had the most positive impact on the S&P & NASDAQ 100, up almost 3% for the week
- Year-to-date, the top S&P performer by percent gain continues to be Zions Bancorp (ZION) up almost 74%
- Year-to-date, the top NASDAQ 100 performer by percent gain continues to be Baidu.com (BIDU), up almost 79%
- JPMorgan (JPM) had the most negative impact on the S&P, down almost 5% for the week
- Year-to-date, Dean Foods (DF) continues to be the worst S&P performer by percent loss, down over 41%
- Intel (INTC) had the most negative impact on the NASDAQ 100, down over 2% for the week
- Year-to-date, the worst NASDAQ 100 performer by percent loss continues to be NVIDIA (NVDA) down over 35%
The Russell 2000 remains the only major index still positive year-to-date, up almost 1.4% for the year
Since the March 9, 2009 lows, the S&P is up 57.40%, the Dow is up 51.69%, the NASDAQ is up 74.93%, and the Russell 2K is up 84.69%
Sector Impact: 10 out of 10 S&P sectors were negative for the week led by material and industrial stocks. The technology sector was down the least, with a decrease of nearly 1%.
- Material stocks were hurt by Cliff Natural Resources, down 12% for the week
Technology companies were helped by Akamai Technologies, up 6% for the week
- Year-to-date, 8 out of 10 S&P sectors are negative, led by telecommunication stocks, down nearly 12%. The consumer discretionary sector is leading the way to the upside, with a gain of nearly 6%