Volatility was back in full force last week. The three major domestic indexes posted several days of losses before experiencing wide swings on Friday. By week’s end, the Cboe Volatility Index (VIX), which investors use to help measure fear in the markets, had increased by approximately 70%. The VIX also reached its highest point since February.[i]
Although new data continued to show strength in the U.S. economy, markets stumbled across the globe last week.[i] The S&P 500 lost 0.98%, the Dow dropped 0.04%, and the NASDAQ declined 3.21%.[ii] International stocks in the MSCI EAFE struggled, posting a 2.35% loss.[iii]
Friday, September 28, was the last trading day in 2018’s 3rd quarter, and the S&P 500 posted its strongest quarterly return in nearly 5 years.[i] The Dow also showed impressive returns by beating expectations for the quarter, while the NASDAQ notched record highs against 2017 numbers.
Last week, trade tensions with China lessened somewhat, while the 2nd quarter corporate earnings season started with mixed results. Against this backdrop, domestic stocks experienced sizable growth. By market’s close on Friday, July 13, the S&P 500 was above 2,800 for the first time since February 1.
Domestic stocks only traded for 4 days last week, due to the Independence Day holiday. In that time, all 3 major domestic indexes posted positive results for the week. The S&P 500 added 1.52%, the Dow gained 0.76%, and the NASDAQ increased 2.37%.[i] International stocks in the MSCI EAFE were up as well by 0.56%.[ii]
International trade concerns continue to create uncertainty in markets around the world.[i] Despite the markets’ slight rises on Friday, June 29, they recorded losses for the week.[ii] The S&P 500 fell 1.33%, the Dow gave back 1.26%, and the NASDAQ dropped 2.37%.[iii] Internationally, the MSCI EAFE declined 1.10%.[iv]
Stocks stumbled across the globe last week as trade tensions continued to escalate. Despite rebounding somewhat on Friday, the S&P 500 experienced its first weekly loss in a month, and the Dow posted its worst week since March.[i] The S&P 500 dropped 0.89%, the Dow lost 2.03%, and the NASDAQ fell 0.69%.[ii] International stocks in the MSCI EAFE gave back 0.98%.[iii]
Last week stocks showed mixed results as political headlines continued to dominate the news.
As last week ended, tension between the U.S. and some of its greatest allies was on the rise.
Markets experienced heightened volatility last week, with the S&P 500 rising 0.49% and Dow dropping 0.48%. Meanwhile, the NASDAQ rose 1.62%, as international markets took a small dip, with the MSCI EAFE losing 1.10%.[i] [ii]