2013-11-30 Weekend Market Update (Apple Leads The Nasdaq To A Multi-Year High)
Posted on November 30th, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2013-11-30 Weekend Market Update (Apple Leads The Nasdaq To A Multi-Year High)
Weekend Market Update
Apple Leads The Nasdaq To A Multi-Year High
Of the three major U.S. indices the Nasdaq 100 (NDX) was the clear outperformer, rising 1.92%. Shares of Apple (AAPL) were a major contributor, soaring to a 2013 high on nearly a 7% weekly gain. The S&P 500 (SPX) added 0.06% and the Dow Jones Industrial Average (DJIA) picked up 0.13% on the holiday shortened week. Due to light volume, volatility (VIX) rose 11.75%, but remains under the key resistance level at 14.
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