• The S&P 500 closed the week down nearly 2.6%, making it the largest weekly loss since 2012 which caused bond prices to rise as investors looked for lower risk.

• Jobless claims came in at 300,000.

• On Wednesday, the FOMC restated that their trigger points remain the same: contingent upon 3% growth, roughly 6% unemployment, and accelerating inflation, the first rate hike would come sometime in the middle of 2015.

• For the 14th consecutive week, US based equity mutual funds saw an inflow of $3.1 billion.

• Large-cap stocks outperformed small-cap stocks, while large-cap value stocks outperformed large-cap growth stocks.

• Utilities and consumer staples were the best performing sectors, while financials and healthcare were the worst performing sectors.