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Market Takes A Breather During Shortened Week

Published 03/25/2016, 12:55 AM
Updated 07/09/2023, 06:31 AM

Markets: The market took a breather in this shortened week, held back by the Brussels attack, a pullback in crude oil, and hawkish Rate comments by some Fed officials, who upped expectations for more interest rate hikes in coming months than investors expected. This snapped a 5-week rally.

Indexes Chart

Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week: NYSE:AHH, NYSE:CBL, NYSE:ACRE, NYSE:AHT, NYSE:BXMT, NYSE:CIM, NYSE:CLNY, NYSE:CLDT, NYSE:CMO, NYSE:GSBD, FULL, NYSE:JMP, NYSE:LXP, NYSE:NHI, NASDAQ:PSEC, NYSE:STAG, NYSE:RLJ, NASDAQ:STB, NASDAQ:TAXI, NYSE:TWO, AFC, NYSE:CXW, NYSE:WSR, NYSE:CIO

Volatility: The VIX rose 5.13% this week, finishing at $14.74.

Currency: The US dollar rose vs. most major currencies this week, which put pressure on Basic Materials prices.

1 Week Relative Performance

Market Breadth: 16 of the DOW 30 stocks rose this week, vs. 26 last week. 36% of the S&P 500 rose this week, vs. 76% last week.

US Economic News: Existing Home Sales came in below forecasts, as did Durable Goods ex-Transportation.

Economic Calendar

Week Ahead Highlights: It’s a big data week ahead, with the Non-Farm Payrolls Report due out on Friday am, plus Consumer Confidence, and Pending Home Sales, among many other reports. Fed Chief Yellen speaks on Tuesday.

Next Week's Economic Calendar

Sectors and Futures:

Healthcare led this week for the 1st time in quite awhile, as, surprisingly, Telecoms trailed.

Sectors Chart

OJ led this week, with coffee trailing, in a mixed up breakfast trade:

1 Week Relative Performance

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