2014-07-05 Weekend Market Update (Dow 17,000)
Weekend Market Update
Equities went into the 4th of July weekend on a high note as the Dow Jones Industrial Average (DJIA) hit and closed above the 17,000 level for the first time ever on Thursday. The Nasdaq-100 (NDX) closed at another 14-year high, rallying 2.04% for the week. The Dow Jones Industrial Average and S&P 500 (SPX) added 1.28% and 1.25%, respectively. Less than 15 points separate the S&P 500 from the psychologically important 2000 level. Volatility put in a new 7 year low this week as the spot Volatility Index (VIX) fell 8.35% to close at 10.32.