Biotechs have their best week ever, and the historic post-election moves don't end there
by Evelyn Cheng [1]
The U.S. presidential election this week sent some stock sectors surging and others plunging as investors scrambled to shift their holdings [2] for the unexpected Donald Trump win. Some of those moves never happened before.
As of Friday afternoon, these stock sectors were tracking for their…
Best week ever:
iShares Nasdaq Biotechnology ETF (IBB) [3], up more than 14 percent for the week. The ETF was formed on Feb. 5, 2001.
Best week since March 27, 2009:
SPDR Bank ETF (KBE) [4], up more than 13.5 percent for the week.
The current bull market — defined as a period in which the stock market has never fallen more than 20 percent from a recent high — began on March 9, 2009, as the U.S. began to emerge from the depths of the financial crisis.
Goldman Sachs [5], up more than 15 percent for the week, was tracking for its best week since the week ended March 13, 2009.
Best week since December 2, 2011:
Dow Jones industrial average [6], up more than 5 percent for the week.
Russell 2000 [7] small-cap index, up 10 percent for the week. [8]
Industrial Select Sector SPDR Fund (XLI) [9], up more than 7.5 percent for the week.
JPMorgan Chase [10], up more than 12 percent for the week.
Back in the week ended Dec. 2, 2011, stocks rallied as investors hoped for resolution to Europe's sovereign debt crisis.
Other notable moves:
Mexican peso [11], down 8.5 percent for the week against the dollar, tracking for its worst week since Oct. 10, 2008.
The peso also hit overall record lows against the dollar [12] this week. As a candidate, Trump called for building a wall on the Mexico-U.S. border and said he would withdraw the United States from the North American Free Trade Agreement.
Copper [13], up more than 10.5 percent for the week, on pace for its best since the one ended Oct. 28, 2011.
VanEck Vectors Gold Miners ETF (GDX) [14], down more than 14 percent for the week, tracking for its worst week since Oct. 31, 2014.
Gold futures for December delivery settled down $42.10 at $1,224.30 an ounce, down more than 5.5 percent for the week and snapping four weeks of gains.
Dollar index [15] is up more than 2 percent for the week, tracking for its best since Nov. 6, 2015.
iShares MSCI Brazil Capped ETF (EWZ) [16] down more than 7 percent for the week, tracking for its worst since Jan. 8.
Courtesy of cnbc.com [17]