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US Stocks Move Back into Positive Territory for 2010

All three major US indexes moved back into positive territory for 2010, closing above their 200-day moving averages to finish the week up nearly 2.3%. As of last Friday, only the Russell 2,000 was positive year-to-date.

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

Dow Jones Industrial Average

  • The Dow increased 518.67 or 5.2% in the last 2 weeks, its best 2-week percent gain since November 13, 2009, when it rose 5.74% in this period
  • 27 of the Dow 30 components advanced for the week, while 3 companies finished down
  • On Tuesday, the Dow rallied 213.88 points or 2.09% at 10404.77, marking the fifth time this year that the Dow has closed above 200 points or more
  • The Dow has posted daily tripled digit moves of 100 points or more (+/-) 43 times this year
  • On Wednesday, the Dow settled above its 200-day moving average for the first time since May 17, 2010
  • As of Friday, 15 Dow companies settled above their 200-day price moving averages
  • The Dow is down -3.74% quarter-to-date, and on track for its worst quarter percent decline since Q1 '09 when it fell -13.3%
  • The Dow is currently trending towards its worst Q2 percent drop since 2008 when it fell -7.44%
  • The Dow is off by -3,713.89 or -26.22% from the market peak on October 9, 2007 of 14,164.53

S&P 500

  • The S&P increased 52.63 or 4.9% in the last 2 weeks, its best 2-week percent gain since November 13, 2009, when it rose 5.53% in this period
  • 422 (~84%) of the S&P 500 components rose for the week, and 78 companies finished down
  • On Tuesday, the S&P rallied 25.6 points or 2.35% at 1115.23, marking the fifth time this year that the S&P has closed above 25 points or more, and it settled above its 200-day moving average on Tuesday for the first time since May 19, 2010
  • As of Friday, 296 companies or ~59% of the S&P 500 settled above their 200-day price moving averages
  • The S&P is down -4.44% quarter-to-date, and on track for its worst quarter percent decline since Q1 '09 when it fell -11.7%
  • The S&P is currently trending towards its worst Q2 percent drop since 2002 when it fell -13.73%
  • The S&P is off -447.64 or -28.60% from the market peak on October 9, 2007 of 1,565.15

NASDAQ Composite

  • The NASDAQ has increased 90.63 or 4.08% in the last 2 weeks, its best 2-week percent gain since March 12, 2010, when it rose 5.78% in this period
  • 86 of the NASDAQ 100 components increased for the week
  • On Wednesday, the NASDAQ closed up for the fifth consecutive day at 2305.93, marking its longest daily winning streak since April 15, 2010
  • On Friday, the NASDAQ settled above its 200-day moving average for the sixth straight day, closing above this technical level ~91% of the time this year
  • As of Friday, 54 companies of the NASDAQ 100 settled above their 200-day price moving averages
  • The NASDAQ is down -3.68% quarter-to-date, and on track for its first quarterly drop since Q1 '09, and its worst quarter percent decline since Q4 '08 when it fell -24.26%
  • The NASDAQ is currently trending towards its worst Q2 percent drop since 2006 when it fell -7.2%
  • The NASDAQ is -549.32 or -19.21% from its 6-year high reached on October 31, 2007 of 2,859.12


S&P 500 Sectors

Ten out of ten sectors closed the week in positive territory, led to the upside by utility and technology stocks.

  • Pepco Holdings was the biggest percent gainer in the utilities sector, up 6% for the week
  • Technology stocks were helped by Micron Technology, up 12% this week
  • Year-to-date, four sectors are trading to the upside led by consumer discretionary companies, up 9%

More Weekly Stats Here

Commodity Impact:Crude oil for July delivery closed to the upside for the second consecutive week, settling at $77.18 on Friday, up $3.40, or 4.61% for the week. Crude is up 7.93% in the past two weeks.

  • Gold for August delivery settled at a new nominal record high of $1,258.3 on Friday
  • Oats July futures were among the best performing commodities, rising 16% this week, while sugar for October delivery were among the worst performers, posting a loss of 1%Gold for August delivery hit a record high of $1,254.5 and a record settle of $1245.60 this week


Currencies Impact: The dollar index fell 2.18% this week, posting its worst weekly performance since May 22, 2010.


Global Index Performance:


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