Overnight US Market :Up. Up and away. Stocks close sharply higher and near session highs

  
Analysis, US Market

Major indices up over 1.1%

The US stocks are starting the new quarter with a solid gain.
The major indices are ending with gains of overe 1.16% and near the highs for the day. The final numbers are showing the following:
  • S&P index up 32.79 points or 1.16% ata 2867.19. The high reached 2869.40. The low reached 2848.63
  • Nasdaq index up 99.589 points or 1.29% at 7828.91. The high reached 7831.45. The low extended to 7777.09
  • Dow index is up 329.74 points or 1.27% at 26258.42. The high reached 26280.90. The low extended to 26071.69.
Some winners include financials on the back of sharply higher yields (10 year up 9.2 bps).
  • PNC financial, +3.47%
  • Citigroup, +3.46%
  • Bank of America, +3.46%
  • J.P. Morgan, +3.34%
  • Morgan Stanley, +3.18%
  • Goldman Sachs, +2.40%
Other big gainers today included:
  • Wynn Resorts, +8.4%
  • Alcoa, +4.62%
  • Caterpillar, +3.51%
  • Tesla, +3.33%
  • United Technologies, +3.32%
  • AMD, +3.29%
  • Netflix, +2.92%
  • Boeing, +2.74%
  • Emerson, +2.41%
  • Micron, +2.23%
  • Adobe, +2.13%
  • Home Depot, +2.0%
  • 3M, +1.99%

Losers in the big up day include:

  • Papa John’s, -1.98%
  • General Mills, -1.49%
  • Alibaba, -0.85%
  • McDonald’s, -0.81%
  • Celgene, -0.68%
  • United health, -0.66%
  • J&J, -0.62%
  • Proctor and Gamble, -0.41%
  • Coca-Cola, -0.34%
  • Verizon, -0.10%
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