2013-10-05 Weekend Market Update (Government Shutdown Leads To Mixed Stock Market Performance)
Weekend Market Update
Government Shutdown Leads To Mixed Stock Market Performance
Friday’s bounce back erased most of the losses in S&P 500 (SPX), which ended the week lower by 0.07%. The Dow Jones Industrial Average (DJIA) dropped 1.22%, but the Nasdaq 100 (NDX) picked 0.38% this week. Neither the (SPX) or the (DJIA) have closed higher for two consecutive sessions since September 17th/18th, making it the longest streak of the year. Volatility (VIX) hit levels not seen since June, but came off of those highs to finish the week up 7.76% in the spot Volatility Index.