The expected benefits for small-cap North American companies have been reduced much more than for large-cap companies.
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rssUS major indices snatch defeat from the jaws of victory
Major indices move lower on the day after Moderna results questioned by the scientific community
The US stocks were trading near session highs heading into the last hour of trading
The S&P index was near 2964.21. The NASDAQ index was making new session highs at 9317.25. Then there was a report from STAT that questioned the results from the Moderna coronavirus test results. Stocks moved lower, and the major indices snatched defeat from the jaws of victory.
Suddenly there is a look or feel as good as it used to.
A final look at the numbers are showing:
- S&P index -30.97 points or -1.05% at 2922.94
- NASDAQ index -49.72 points or -0.54% at 9185.10
- Dow -390.51 points or -1.59% at 24206.84.
Some losers today included:
- Wells Fargo, -5.67%
- FedEx -3.75%
- Boeing -3.63%
- Charles Schwab -3.57%
- Gilead -3.28%
- Procter & Gamble, -3.25%
- Chevron -3.24%
- Bank of America -3.14%
- Exxon Mobil, -3.11%
- PNC financial -2.88%
- Citigroup, -2.7%
- Home Depot, -2.61%
Some winners today included:
- Beyond meat, +4.62%
- square, +3.39%
- Southwest Airlines, +2.29%
- Slack, +2.28%
- Facebook, +1.76%
- AMD, +1.5 and present
- Adobe, +1.22%
- Chipotle, +1.09%
- AliBaba, +0.94%
Walmart which traded as high as 131.99 1 better earnings and revenue before the opening, is closing down at 124.87. That is down -2.19%.
Relative strength of the S&P 500 Equal Weighted.
The broad market indices close near highs for the day. Indices decline for the week
NASDAQ index leads the way to the upside
The broad market indices are closing near the highs for the day with the S&P and NASDAQ index just off their highs. The Dow 30 index is also up on the day but off there high levels.
A look at the final numbers are showing:
- S&P index rose by 11.2 points or 0.39% at 2863.70. The high price extended to 2865.01 while the low fell to 2816.78
- NASDAQ index rose by 70.837 points or 0.79% and 9014.55. The high price extended to 9018.39 while the low fell to 8821.379
- Dow industrial average rose by 60.08 points or 0.25% at 23685.42. It’s high price extended to 23730.08, while its low fell to 23354.15.
For the trading week, the major indices are lower with the Dow industrial average taking the biggest hit.
- Dow, -2.65%
- S&P index, -2.26%
- NASDAQ index, -1.17%
This week the NASDAQ index moved above its closing level for 2019 at 8972.60. The Dow industrial average and S&P index are still down by greater than double-digit percentages. The year to date numbers are showing:
- NASDAQ index +0.47%
- S&P index -11.36%
- Dow industrial average -17.01%
European shares ended mixed in trading today.
US Major indices close at session highs
Dow leads the way
It was an up and down day with lots of of volatility. At the end of the day, the major indices are closing higher and at session highs. The biggest gainer was the Dow industrial average rose by 1.62%. The index had a volatile range of over 700 points. It is ending up 377 points at the close.
The final numbers are showing:
- The S&P index +32.5 points or 1.15% at 2852.50. The low saw the index down as much as -1.89%
- The NASDAQ index by 80.556 points or 0.91% at the 943.72. The low saw the index down as much as -1.78%
- The Dow industrial average gained 377.37 points or 1.62% at 23625.34. At the low the Dow industrial average was down -1.97%
“This is the second most overrated market I have ever seen, only behind 1999.”
Major US indices end lower. S&P and NASDAQ close lower for the 2nd straight day
Dow industrial average close lower for the 3rd straight day
The major US indices are closing the session with declines. The S&P and NASDAQ close low for the 2nd consecutive day while the Dow industrial average has been down 3 days in a row.
The final numbers are showing: him
- S&P index fell -50.12 points or -1.75% to 2820.00. The high reached 2874.14. The low reached 2793.15 before rebounding into the close
- NASDAQ index fell -139.38 points or -1.55% to 8863.16. The high reached 9074.15. The low extended to 8752.68.
- Dow fell -516.81 points or -2.17% to 23247.93. The high reached 23708.90. The low extended to 23067.64.
The stock market moved lower as Fed chair Powell warned of a long road to recovery.
Big losers on the day included:
- United Airlines, -8.8%
- Delta Air Lines, -7.7%
- Schlumberger -7.26%
- Wells Fargo, -6.24%
- American Express, -6.09%
- Walgreens, -5.43%
- Exxon Mobil, -5.01%
- Southwest air, -4.88%
- Micron, -4.79%
- Bank of America -4.57%
- Raytheon technologies,-4.55%
- Travelers, -4.33%
Some winners today included:
- BlackRock, +7.08%
- Chewy, +3.74%
- General Mills, +1.66%
- Papa John’s, +1.59%
- Netflix, +1.47%
- Merck, +0.96%
- Amazon, +0.55%
SPX Versus 2000 & 2008 …..
Stocks slide and tumble into the close. Major indices close near session lows.
NASDAQ and S&P index fall over -2%
The major stock indices tumbled lower into the close, with the NASDAQ and S&P index both closing over -2% on the day. The final numbers for the major indices are showing:
- S&P index -60.2 points or -2.05% at 2870.12
- NASDAQ index -189.79 points or -2.06% at 9002.55
- Dow -457.21 points or -1.89% at 23764.75
At the highs the:
- S&P index is up 0.53%
- NASDAQ index is up 0.64%
- Dow industrial average is up 0.66%
The small-cap Russell 2000 index fell by -2.85% after being up as high as +0.43%.
The Canadian TSX/S&P index fell -1.23%
European shares ended mixed with Germany, France, and Portugal moving lower while UK, Spain, and Italy rose.
Mixed results from the major indices
Dow down. S&P modestly higher. Nasdaq higher
The major indices are ending the day with mixed results
The Dow is ending lower. The S&P is near unchanged and the Nasdaq is up about 0.8% on the day
The final numbers are showing:
- The Dow fell -109.33 points or -0.45% at 24221.94
- The S&P rose 0.39 points or 0.01% at 2930.19
- The Nasdaq rose 71.02 points or 0.78% at 9192.34
The European markets were mostly lower exception of the UK FTSE which eked out a is small 0.06% gain.
