2014-03-22 Weekend Market Update (New Highs In The S&P 500)
Weekend Market Update
New Highs In The S&P 500
Despite hints of a interest rate hike and ongoing problems in Ukraine, the S&P 500 (briefly) hit a new all-time high this week. The S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) added 1.38% and 1.48%, respectively. Of the three major U.S. indices, the Nasdaq-100 (NDX) was the worst weekly performer with a 0.69% gain. Volatility gave back most of last week’s gains as the spot Volatility Index (VIX) dropped 15.82%.