Stock Market Today

U.S. stocks tumbled last week, S & P500 index opened at 1122.79 points, the highest reached 1131.23 points, the lowest get 1067.89 points ,but closed at 1076.76 points finally, the whole week were down 40.75 points, 3.65% cumulative drop. Same period, the Dow Jones Industrial Average fell 2.94%, the Nasdaq composite index fell 3.74%, while the Russell 2000 index fell 3.27%, it is clearly that technology stocks and small cap stocks in the market sell-off is still the main.
Ten S & P500 index constituent stocks, the non-essential consumer goods industries become the worst performance of the industry with 5.69% decline, and energy industry followed the non-essential consumer goods industries with 5.26% decline, followed by the two sectors are the typical expected industry of economic recovery, decreases in third is a typical defensive sectors – utilities, down 4.44%. In the slightly better performance in the past week was undoubtedly the collapse of consumer durables industry and the telecommunications industry which were respectively down 2.14% and 1.87%,although the industry trend of cold and warm slightly ambiguous, but on the whole remain expected pessimistic to the economic recovery.