2014-07-26 Weekend Market Update (Q2 Earnings Leave Equities Mixed For The Week)
Weekend Market Update
Q2 Earnings Leave Equities Mixed For The Week
The S&P 500 (SPX) snapped its 10 up Friday’s in a row streak yesterday, following a new all-time high hit on Thursday (eking out a 0.01% weekly gain). Technology led the Nasdaq-100 (NDX) to be the best performer of the three major U.S. indices, rising 0.64%. The Dow Jones Industrial Average (DJIA) fell 0.82%. Visa’s (V) 3.58% decline o Friday was a large contributor to this underperformance. Volatility finished off of the highs of the week, but the spot Volatility Index (VIX) put in a higher low on the weekly, adding 5.22%.