The S&P 500 closed the week at 3,066.91, or +1.47% higher. Dow Jones closed at 27,347.36 or +1.44% on the week, and Nasdaq climbed +1.74%. The volatility index VIX closed the week at 12.30 from a 12.65 level a week before. In Europe, Euro Stoxx 600 rose +0.36% in the week. In general, Healthcare and cyclical sectors continued to outperform globally, namely Tech, Industrials and Financials.
The 10y UST closed at 1.71% from 1.79% a week before, or a +0.7% performance for the week. The difference between the 10y UST and the 2y UST yield was +15.42 bps on Friday. The yield curve moved down and steepened. US Corporate Bond spreads: Investment Grade widened 2 bps to 145 bps; High Yield also widened 15 bps to 488 bps. German 10-year Bunds yield closed at -0.38% vs. -0.36% a week ago. European Corporate Investment Grade spreads contracted 2 bps to 113 bps, while High Yield spreads widened 5 bps to 415 bps.
The US Dollar Index (DXY) slipped -0.66% in the week closing at 97.18. EUR closed at 1.1165 (+0.77% weekly); the Japanese Yen at 108.18 (-0.45% weekly) and the Swiss Franc at 0.9857 (-0.91% weekly). Gold gained +0.65% in the week and closed at 1,514.41. Oil was lower with Brent closing at 61.55 (-0.76% weekly) and WTI down at 56.23 (-0.76% weekly).