2014-04-05 Weekend Market Update (Q1 Earnings Season)
Weekend Market Update
Q1 Earnings Season
Following an in-line March jobs report on Friday, the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) hit a new all-time high before finishing in the red after continued selling in the technology and biotech sectors. The Nasdaq-100 (NDX) dropped 0.90% for the week, resulting in a close near two-month lows. The S&P 500 and the Dow Jones Industrial Average added 0.40% and 0.55%, respectively. Volatility (VIX) briefly tested January levels this week, but the spot Volatility Index finished with a loss of just 3.12%.