Major indices snap 5 day winning streak

No record closes for major indices

The major US indices have snapped their five day winning streak ahead of the key earnings including Alphabet, Apple, Microsoft, AMD, Starbucks.

  • Microsoft is trading down $3.11 at $285.94
  • Apple is trading down $2.42 at $146.57
  • Google is trading down $-48.99 at $2631.71
  • AMD is trading down $-0.92 at $90.89
  • Starbucks is trading down eight cents at $125.98.
highlights today
  • NASDAQ on pace for worst the day since May 12
  • Dow was down -266 points at the session low
  • NASDAQ was down 337 point at the session low
  • S&P was down -50 point at its session lows
  • utilities/real estate the biggest gainers
  • tech consumer discretionary the biggest laggards
  • new highs 54 new lows 239
The final numbers are showing:
  • S&P index -20.6 points or -0.47% at 4401.70
  • NASDAQ index -180.14 points or -1.21% at 14,660.58
  • Dow felt -84.67 points or -0.24% at 35,059.64
  • Russell 2000-25.09 points or -1.13% at 2191.83

S&P, NASDAQ, Dow all close at record highs

Up for the fifth consecutive day

The major US stock indices close higher for the fifth consecutive day, and in the process closed at record highs. A look at the provisional closes shows:
  • Dow industrial average rose 82.76 points or 0.24% at 35,144.31
  • S&P rose 10.51 points or 0.24% at 4422.30
  • NASDAQ index rose 3.72 points or +0.03% at 14,840.71

Other highlights:

  • Dow, S&P and NASDAQ also hit record intraday highs
  • energy materials are the biggest sector leaders
  • healthcare utilities biggest sector laggards
The new all-time high levels for the indices are:
  • Dow 35,150.37
  • S&P 4423.20
  • NASDAQ 14863.60
The Russell 2000 rose by 7.27 points or 0.33% at 2216.92
After the close test the reported adjusted earnings per share of $1.45 versus expectations of $0.98. Revenues grew by $11.96 billion versus expectations of $11.3 billion.
Tesla shares are currently up around $7.31 or 1.1% at $665 in after-hours trading.
Tomorrow, the earnings calendar starts to heat up with the following major releases.

  • 3M
  • Alphabet
  • Apple
  • AMD
  • GE
  • Stryker
  • Raytheon technologies
  • Starbucks
  • Microsoft
  • Corning
  • Xerox

On Wednesday, Boeing, Ford, McDonalds, Facebook are some of the companies reporting.

  • O’Reilly automotive
  • Bristol-Myers Squibb
  • Boeing
  • Ford motor
  • McDonald’s
  • Lam research
  • General Dynamics
  • Hess corporation
  • Facebook
  • PayPal
  • Qualcomm
  • Shake shack
  • Pfizer
  • ServiceNow
  • Xilinx
  • Shopify
  • Spotify

Finally, on Thursday Amazon, Merch, Mastercard earnings will be released.

  • Amazon
  • Altria
  • Merck
  • US Steel
  • First Solar
  • Gilead Sciences
  • MasterCard
  • Hilton
  • Martin Marietta
  • T-Mobile
  • Twillio

Major indices all close at record levels

Big earnings week next week

The major indices are closing at record levels.

  • Dow 238.34 points or 0.68% at 35,061.69.  The previous record close was at 34987
  • S&P rose 44.33 points or 1.02% at 4411.81. The previous record close was at 4384.64
  • Nasdaq rose 152.39 points or 1.04% at 14,836.99. The previous record close was at 14733
  • Russell index rose 10.17 points or 0.46% at 2209.65
Other highlights for today:
  • The energy sector is the only sector lower today. Energy and utilities were lower this week
  • Facebook closes above $1 trillion market capitalization for the first time ever
  • Major indices rose for the fourth consecutive day
  • Dow closes above 35,000 for the first time ever
Next week is a huge week for earnings.

Companies expecting to announce include:

  • Amazon
  • Apple
  • Alphabet
  • Facebook
  • Microsoft
  • Starbucks
  • Tesla
  • AMD
  • McDonald’s,
  • PayPal
  • MasterCard
  • Etc.
For the week, month and year to date:
  • Dow rose 1.09% for the week. For the month the Dow is up 2.54%. Year-to-date 14.57%
  • NASDAQ rose 2.83% for the week. For the month the NASDAQ is up 3.24%. Year-to-date 15.11%
  • S&P rose 1.96% for the week. For the month the S&P is up 3.41%. Year-to-date 17.47%

Major indices close near session highs

The NASDAQ index leads the way in a close finish

The major stock indices are all surging into the close and closing near their highs for the day
  • Dow S&P, NASDAQ post 2-day gains
  • Dow S&P and NASDAQ erase losses from Monday’s a selloff
  • Dow has best today rally since early March
  • S&P and NASDAQ has best today rally in two months
  • Dow, S&P close 1% from the all-time highs
The final numbers are showing:
  • Dow industrial average rose 285.75 points or 0.83% at 34,797.74
  • S&P index rose 35.59 points or 0.82% at 4358.65
  • NASDAQ index rose 133.08 points or 0.92% at 14,631.95
  • Russell 2000 index of small cap stocks rose 39.75 points or 1.81% at 2234.05
Energy related stocks were some of the big gainer is along with financials. Looking at the Dow 30 the big gators included:
  • Chevron, +3.41%
  • Boeing, +2.51%
  • Goldman Sachs, +2.4%
  • American Express, +2.19%
  • J.P. Morgan, +2.10%
  • Dow Chemical, +1.86%
The biggest decline or in the Dow included:
  • Amgen, -0.81%
  • Apple, -0.53%
  • Walmart, -0.49%
  • Procter & Gamble, -0.38%
  • 3M, -0.03%
Other big gainers today included:
  • Chipotle, +11.54%
  • Nio, +5.86%
  • Lam research, +4.95%
  • Deutsche Bank, +4.89%
  • Schlumberger, +4.41%
  • Square, +4.39%
  • Nvidia, +4.27%
Big losers today included:
  • AMC, -5.55%
  • Netflix, -3.25%
  • Gamestop, -2.93%
  • Box, -2.65%
  • General Mills, -1.55%

S&P averts closing below its 50 day moving average. Major indices all close lower.

Dow falls 946 points at the low

The major indices are all closing lower but off their lowest levels
  • Russell 2000, Dow transports down 10+ percent from the highs
  • NASDAQ down for the fifth consecutive day. Longest losing streak since October 2020
  • Energy sector sags as oil prices tumble. Crude oil has its worst day since September 2020
  • All 11 sectors of the S&P are lower. Technology fell 1.39%, discretionary fell -1.12%.  Energy fell -3.60%. Financials fell -2.79%. Materials fell -2.17%.
  • All 30 Dow stocks are lower. It is the worst day of the year for the Dow and the worst day since October
  • S&P and NASDAQ has the worst day in 2+ months
  • The S&P index dipped below its 50 day moving average but has rallied above the level into the close
A look at the closes shows
  • S&P index -68.65 points or -1.59% at 4258.51. That is above its 50 day moving average at 4240.31. The low dipped to 4233.13 before rebounding modestly into the close . The high reached 4296.40.
  • Nasdaq fell -152.25 points or -1.06% at 14274.98
  • Dow fell -725.81 points or -2.09% at 33962.04
  • Russell 2000 fell -32.54 points or -1.48% at 2131.22
The biggest Dow decliners were:
  • Boeing, -4.93%
  • American Express, -4.24%
  • Honeywell, -4.16%
  • Dow -3.72%
  • Walt Disney, -3.58%
  • Travelers, -3.25%.
The smallest Dow loser was:
  • Procter and Gamble, -0.04%
  • Walmart, -0.23%
  • SalesForce, -0.39%
  • Amgen, -0.42%.
Other big losers today included:
  • MasterCard, -5.6%
  • United Airlines -5.54%
  • Exxon Mobil, -4.99%
  • Schlumberger, -4.3%
  • American Airlines, -4.24%
  • Delta Air Lines, -3.74%
  • Emerson, 123.55%
  • whirlpool, -3.4%
  • Stryker, -3.37%
Some winners today included:
  • Novavax, dollars 12.70%
  • livePerson, +7.55%
  • Chewy, +6.83%
  • DoorDash, +4.86%
  • Nvidia, +3.41%
  • GameStop, +2.63%
  • Roblox, +2.17%
  • GoodRX, +1.99%
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