Contention Injection: Dow Ends Week Little Changed, S&P 500 Gains as Topsy-Turvy Week Ends
October 21, 2016 at 17:09 PM EDT
Stocks finished the week slightly higher this week--save for the Dow Jones Industrial Average --as election concerns , volatile oil prices , and a stronger dollar failed to waylay the market. The S&P 500 rose 0.4% this week after finishing little changed at 2,141.16 today, while the Dow Jones Industrial Average finished little changed this week after declining 16.64 points, or 0.1%, to 18,145.71 today. The Nasdaq Composite gained 0.8% this week after advancing 0.3% to 5,257.40 today. It was a see-saw battle between the bulls and bears this week. The presidential debate did little to soothe fears of a November surprise; the strong dollar raised fears of earnings pressure for multinational companies , and oil failed to break out. Ultimately, the question about where stocks are headed next went unanswered. Citigroup's Tobias Levkovich and team see the "balance to be tilted in favor of higher stock prices next year." They explain why: