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Last week's big losers. ExxonMobil was the biggest Dow loser two weeks ago, after shedding 1.97% of its value. This week the oil and gas company rose 1.01%, while fellow Dow energy play Chevron (NYSE:CVX) was the index's second biggest decliner, losing 2.68%.
Technically speaking, the S&P 500 and Dow industrials are digesting their biggest single-session bearish reversals, registered Wednesday, in 14 months. Against this backdrop, the S&P 500 has established trendline resistance, while the Nasdaq Composite has sold off respectably from its latest nominal all-time high.