Archives of “US Market” category

Major indices snap 5 day winning streak

  
Analysis, US Market
  0 Comments

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

  
Analysis, US Market
  0 Comments

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

  
Analysis, US Market
  0 Comments

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

  
Analysis, US Market
  0 Comments

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.

  
Analysis, US Market
  0 Comments

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%
Go to top