2013-11-23 Weekend Market Update (Dow 16K and S&P 500 1800)
Posted on November 23rd, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2013-11-23 Weekend Market Update (Dow 16K and S&P 500 1800)
Weekend Market Update
Dow 16K and S&P 500 1800
For the first time in history, the Dow Jone Industrial Average (DJIA) closed above 16,000 and the S&P 500 (SPX) closed above 1,800 this week. The (DJIA) added 0.65% and the (SPX) rose 0.37%. The Nasdaq 100 (NDX) was the relative underperformer of the three major indices this week, shedding just 0.02%. Volatility rose slightly this week, picking up 0.57%. The spot (VIX) did however close near the lows of week, once again failing at the 14 level.