×

NASDAQ Logs its 4th Worst Week of the Year

On a week that highlighted signs of a slowing economic recovery in the US, though the end of the week saw modest gains in consumer sentiment and retail sales with a weak outlook, the euro dropped almost 4% against the dollar, while the yen surged and gold traded at near 6-week highs on a flight-to-quality. The major indexes end the week in negative territory with the NASDAQ bringing up the rear, losing 5% for the week and suffering its 4th worst week of the year.

This Friday the Dow broke with the Friday 13th trend with a down day. Since 1896, there have been 194 Friday the 13ths, and the Dow closed in positive territory 58% of the time.

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

Dow Jones Industrial Average

  • The Dow ended down -350.41 or -3.29% for the week, its worst weekly % decline since 7/2/10 when it shed -4.51%.
  • The Dow has recorded weekly % declines of -3% or more 5 times this year including the current week, versus 7 weeks for the same period in 2009.
  • 26 of the Dow 30 components declined for the week.
  • As of Friday, 16 Dow companies settled below their 200-day price moving averages, and 19 components closed below their 50-day price MA.
  • On Friday, the Dow posted a 4-consecutive day decline of -395.6 points or -3.70%, making for its worst 4-day losing streak since 7/2/10 when it fell -452.04 or -4.46%.
  • Dow & Friday the 13th: Since 11/13/1896, there have been 194 Friday the 13ths as the Dow has recorded an average gain of 0.03%, and up 58% of the time. (Last Friday the 13th prior to today was on 11/13/09 when the Dow closed up 73 points or 0.72% at 10,270.47.)
  • The Dow is off by -3,861.38 or -27.26% from the market peak on October 9, 2007 of 14,164.53.
  • The Dow is off by -901.88 or -8.05% from its 2010 closing high of 11,205.03 reached on 4/26.
  • The Dow is currently up 616.67 or 6.37% from its 2010 closing low of 9686.48 reached on 7/2

S&P 500

  • The S&P 500 ended down -42.39 or -3.78% for the week, its worst weekly % decline since 7/2/10 when it dropped -5.03%.
  • The S&P has logged weekly % declines of -3.5% or more 6 times this year including the current week, versus 8 weeks for the same period in 2009.
  • 455 (~1%) of the S&P 500 components fell for the week, and 1 company was unchanged.
  • As of Friday, 286 (~57%) S&P companies settled below their 200-day price moving averages, and 289 constituents closed below their 50-day price MA.
  • On Friday, the S&P posted a 4-consecutive day decline of -48.54 points or 4.3%, making for its worst 4-day losing streak since 7/2/10 when it fell -51.99 or -4.84%.
  • S&P & Friday the 13th: Since 1/13/1928, there have been 142 Friday the 13ths as the S&P has recorded an average gain of 0.02% on Friday the 13th, and up 58% of the time. (Last Friday the 13th prior to today was on 11/13/09 when the S&P closed up 6.24 points or 0.58% at 1,093.48.)
  • The S&P is off by -485.9 or -31.04% from the market peak on October 9, 2007 of 1,565.15.
  • The S&P is off by -138.03 or -11.34% from its 2010 closing high of 1217.28 reached on 4/23.
  • The S&P is currently up 56.67 or 5.54% from its 2010 closing low of 1022.58 reached on 7/2.

NASDAQ Composite

  • The NASDAQ Composite ended down -114.99 or -5.02% for the week, its worst weekly % declined since 7/2/10 when it fell -5.92%.
  • The NASDAQ Comp. has logged weekly % declines of -5% or more 4 times this year including the current week, versus 3 weeks for the same period in 2009.
  • 95 of the NASDAQ 100 components dropped for the week.
  • As of Friday (~62%) of the NASDAQ 100 companies settled below their 50-day price MA.
  • On Friday, the NASDAQ posted a 4-consecutive day decline of -132.21 or -5.73%, making for its worst 4-day losing streak since 7/2/10 when it fell -128.8 points or -5.8% (% based).
  • NASDAQ Composite & Friday the 13th: Since 8/13/1971, there have been 66 Friday the 13ths as the NASDAQ has recorded an average gain of 0.24% on Friday the 13th, and up 62% of the time. (Last Friday the 13th prior to today was on 11/13/09 when the NASDAQ closed up 18.86 points or 0.88% at 2167.88)
  • The NASDAQ is off by -685.64 or -23.98% from its 6-year + high reached on October 31, 2007 of 2,859.12.
  • The NASDAQ is off by -356.67 or -14.1% from its 2010 closing high of 2530.15 reached on 4/23.
  • The NASDAQ is currently up 81.69 or 3.91% from its 2010 closing low of 1022.58 reached on 7/2.



S&P 500 Sectors

9 out of 10 S&P sectors were negative for the week led by Tech down over 5.6% for the week. Telecom was the only positive sector up 0.60% for the week.

  • Tech was hurt by Jabil Circuit down over 13% for the week
  • Telecom was helped by Verizon up over 1.6% for the week
  • Year-to-date, only three sectors are trading in positive territory, with industrial and consumer discretionary stocks up the most

More Weekly Stats Here

Commodity Impact:Oil settles at $75.39 per barrel, losing over 6.5% for the week. Crude is up 10.9% from its 2010 settle low of $68.01 hit on May 20.

  • Gas Prices: The AAA current national average for regular gas is $2.770 per gallon UP 4.65% from a year ago when the average was $2.647 per gallon.
  • The highest recorded average price by AAA was on 7/17/2008, when the national average was $4.114 per gallon


Currencies Impact: The dollar rallies against the euro but ends the week at 9-month lows against the yen after hitting 15-year lows earlier in the week


Global Index Performance:

Currencies Impact: The dollar rallies against the euro but ends the week at 9-month lows against the yen after hitting 15-year lows earlier in the week




Note: Data based on preliminary numbers. May adjust slightly due to settling at close.

Comments? Suggestions? Send them to bythenumbers@cnbc.com

Bythenumbers.cnbc.com