2013-08-10-Weekend Market Update

Posted on August 10th, by Mitchell Warren in Weekend Market Updates. Comments Off on 2013-08-10-Weekend Market Update

 Weekend Market Update

Summertime Consolidation

Equities snapped a six week winning streak on summertime low volume, led by the Dow Jones Industrial Average’s (DJIA) 1.49% weekly loss. The Nasdaq 100 (NDX) gave back 0.79% and the S&P 500 (SPX) dropped 1.07%. Volatility came back into the market due the lighter than average volume. The spot Volatility Index (VIX) bounced off of the 12 support level, rising 11.94% to end the week.

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