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Dow, S&P close at another record high

  
Analysis, US Market

Nasdaq lags once again. Russell 2000 also closes at a record

The Dow and the S&P closed at another record high.
  • Dow has its best week since November
  • Nasdaq index lags once again as the rotation into the major cyclicals continues
  • The Russell 2000 also closed at a record level today
The final numbers are showing:
  • S&P index, +3.99 points or +0.10% at 3943.33
  • NASDAQ index -78.81 points or -0.59% at 13319.86
  • Dow industrial average +292.46 points or 0.90% at 32778.05
For the week:
  • S&P index rose 2.64%
  • Dow Jones industrial average increased by 4.07%
  • Nasdaq index rose by 3.09% %

Year to date:

  • Dow is now up 7.1%
  • S&P is up 4.99%
  • Nasdaq is up 3.35%
For the Dow 30 this week, the biggest winner was Boeing. The largest drag was from Coca Cola.
Dow winners for the week:
  • Boeing, +20.55%
  • Walgreens, +12.73%
  • Home Depot, +7.7%
  • Goldman Sachs, +6.52%
  • Cisco, +5.58%
  • Nike, +5.32%
  • Visa, +4.12%
  • DuPont, +4.11%
  • Caterpillar, +4.02%
Dow losers for the week:
  • Coca-Cola, -0.85%
  • Verizon, -0.64%
  • Apple, -0.31%
  • salesforce, +0.68%
  • American Express, +0.82%
  • Amgen, +1.14%
  • Procter & Gamble, +1.65%
  • Microsoft, +1.81%
  • Merck, +2.04%
Other big winners for the week include:
  • GameStop, +91.91%
  • Koss, +88.16%
  • Express, +79.67%
  • AMC, +38.39%
  • US steel, +30.19%
  • Rite Aid +26.44%
  • Box, +23.55%
  • Nio, was 19.39%
  • Tesla, +16.07%
  • Airbnb, was 14.78%
  • American Airlines, was 14.28%
  • Palantir, +12.36%
Some losers this week:
  • Raytheon, -17.17%
  • GE, -7.5%
  • DoorDash, -6.27%
  • Goodrx, -5.5%
  • Tencent, -5.31%
  • Gilead, -4.83%
  • Lam research, -4.13%
  • Snowflake, -4.07%
  • Alphabet, -2.25%
  • Boston Scientific, -1.75%
  • Micron, -1.3%
  • Alibaba, -0.89%

Eurozone finance ministers to pledge continued fiscal support on Monday – report

  
  Analysis

Reuters report, citing a document

Italy is in another lockdown and case are rising in much of the continent as the vaccine rollout lags. Even without all that, those economies would need more fiscal support.
Europe is starting to fall way behind the US and it’s not a good look. Here was a line from the ECB sources story earlier today.
“Biden just came in, the bill has already passed, and the check’s going to be in the mail next week,” one source said. “Look at us in the meantime. We’ve been talking for a year and still nothing will be paid out until maybe October.”
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