2013-12-21 Weekend Market Update (Prepare For Light Trading Heading Into Christmas)
Weekend Market Update
Prepare For Light Trading Heading Into Christmas
Equities closed at a new all-time high this week, despite an announcement by the Federal Reserve that they will scale back asset purchases by $10B per month starting in January. The Dow Jones Industrial Average (DJIA) was the best performer of the three major U.S. indices, rising 2.9%. The S&P 500 (SPX) and the Nasdaq-100 (NDX) added 2.42% and 2.16%, respectively. Volatility made new lows in December as the spot Volatility Index dropped 12.50%, closing just above the 13 level.