The market was down all across the board this past week. The Dow was down 276.19 on the week and closed Friday at 18,010.68. The S&P 500 dropped 22.97 points and ended at 2,107.39. The VIX was up and closed Friday at 13.84. The NASDAQ ended the week at 5,070.03.
The SPDR sectors also plunged this past week. XLY (Consumer Discretionary) dropped by 0.83% to end Friday at 76.30. XLP(Consumer Staples) lost 0.93% to close at 48.79. XLE (Energy) sputtered through the week and lost 2.26% to close Friday at 78.39. XLF (Financial) was down 1.05% to close at 24.60. XLV (Health Care) fared the best this past week. It closed Friday at 74.94 after a relatively small decrease of 0.05% on the week. XLI (Industrials) had a bad week in which it dropped 1.92% to close at 55.81. XLB (Materials) decreased by 1.00% to end the week at 50.61. XLK (Technology) dropped 0.53% to close the week at 43.37. And XLU (Utilities) had a subpar week as it only lost 0.16% to close at 44.50.
Major Commodities:
- Gold: $1,189.80/ troy ounce
- Oil: $60.23/barrel
- Silver: $16.70/ troy ounce
Major Currency Exchange Rates:
- USD/EUR: 0.92
- USD/RUB: 52.34
- USD/JPY: 124.17
- USD/CNY: 6.20
- USD/CAD: 1.25
- USD/GBP: 0.65
Quote of the Week: “The way to make money is to buy when blood is running in the streets.” ~John. D. Rockefeller