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Stocks close the week with positive gains for the 1st time in 3 weeks

  
Analysis, US Market

Major indices close near session highs

The major US stock indices are ending the day with positive gains for the 1st time in 3 weeks. The major indices are also closing near session highs for the day.
The gains today were led by the small-cap Russell 2000 index. That index rose by 3.64%, far outpacing the next largest gain from the Dow industrial average (up 1.91%). The Russell 2000 index of small-cap stocks has been hit particular hard this year and still is lower by around -20% on the year.
The final numbers for the major indices are showing:
  • The S&P index +48.61 points or 1.69% at 2929.80. The high price reached 2932.61. The low reached 2902.88
  • The NASDAQ index close up 141.65 points or 1.58% and 9121.32. It’s high price reached 9125.98, while the low was at 9018.21. The NASDAQ index erased all declines this weekend is closing up on the year for the 1st time since March 4.
  • The Dow industrial average rose by 455.43 points or 1.91% at 24331.32. The high price reached 24349.90. The low extended to 24107.05.
Major indices close near session highs_
For the trading week, the major indices all closed higher led by the NASDAQ index:
  • S&P index rose by 3.5%
  • NASDAQ index rose by an even 6.0%
  • Dow industrial average rose by 2.56%
As mentioned, the NASDAQ index closed in the black since the 1st time since early March. The NASDAQ index was down some -26% from the end of year level at the year lows in April.The S&P index and Dow industrial average are still lagging will behind the gains from the NASDAQ.
The year to date percentage changes currently shows:
  • S&P index -9.32%
  • NASDAQ index +1.66%
  • Dow industrial average -14.74%
As mentioned the Russell 2000 index of small-cap stocks was the largest percentage gainer for the day. For the week the Russell 2000 rose by 5.41%, and for the year the index it is still lower by -20.36%.

S&P and Dow close at session lows

  
Analysis, US Market
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NASDAQ are on the day but off the session highs

the S&P index and Dow industrial average are both closing at/near session lows. The NASDAQ index remained higher on the day but well off its high levels.
The final numbers are showing
  • S&P index -20.02 points or -0.70% at 2848.42. The high percentage was 0.79%
  • NASDAQ index +45.266 points or +0.51% at 8854.38. The high percentage was 1.41%.
  • Dow industrial average -218.45 points or -0.91% at 23664.64.  The high percentage was up 0.72%.

Major indices close higher, but well off the highs for the day

  
Analysis, US Market

NASDAQ index leads the way but off 100 points from session highs

the major indices are closing higher but well off the highs for the day. Comments from
Fed Vice Chairman Clarida gave traders cause for pause that a “V” recovery was right around the corner. The Nasdaq index got within about 0.80% from the unchanged on the year level. Surpassing that level was not to be.
The final numbers are showing:
  • S&P index rose 25.70 points or 0.9% to 2868.44. The high reached 2898.23. The low extended to 2863.55
  • Nasdaq index rose and 98.406 points or 1.13% to 8809.12. The close was down 100 points off of the high for the day at 8909.96. The low was down at 8781.309
  • Dow Industrial average rose 133.33 point or 0.56% at 23883.09. The high reached 24169.72.  The low extended to 23868.91

Major indices close near session highs.

  
Analysis, US Market
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Dow was down -362 points at the low

The major indices are closing higher and near session highs. Hopes for a successful reopening of America is helping the indices move higher today. Earlier in the session, the indices were down as concerned about the reigniting of US China trade tensions on the back of the Trump administration putting the blame of the coronavirus to China over the weekend.
Time heals all wounds in US stocks (or so it seems), and the NASDAQ was the 1st index to turn positive, followed by the S&P and finally the Dow industrial average. Disney and Boeing were the earlier drags on the Dow. Disney trading as low as $100.55. It is closing at $103.26 down -2.14%. Boeing traded as low as $124.35. It is closing at $131.38, down -2%.
The final numbers for the major indices are showing:
  • The S&P index +12.03 points or 0.43% at 2842.74. The S&P index traded as low as -1.16%.
  • The NASDAQ index rose 105.76 points or 1.23% 8710.71. The NASDAQ index traded as low as -0.78%.
  • The Dow industrial average rose 26.07 points or 0.11% at 23749.76. The Dow industrial average traded as low as -1.53%.
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