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rssMajor indices close higher but late selling sends indices lower on Baghdad bomb chatter
Nasdaq closes at a record
The major US indices are closing higher on the day. However some late day selling on Baghdad bomb chatter helped to push the indices off highs into the close.
Nevertheless the NASDAQ index is closing at a record level.
The final numbers are showing:
- S&P index up 15.88 points or 0.49% at 3253.06. The high price reached 3267.07. The low extended to 3236.67
- NASDAQ index rose 60.66 points or 0.67% at 9129.24. The high price reached 9168.88. The low extended to 9059.38
- Dow rose 161.45 points or 0.56% at 28745.20. The high price reached 28866.18. The low extended to 28522.51.
Stock indices end lower. All S&P sectors close lower on the day
Late day selling hurts major indices
Some late day selling has pushed the major indices into the red. All the S&P sectors are closing lower on the day.
The final numbers are showing:
- S&P index -9.13 points or -0.28% to 3237.15. The high reached 3244.91.The low extended to 3232.43
- NASDAQ index fell -2.883 points or -0.03% to 9068.58. The high reached 9091.93. The low extended to 9042.55
- Dow fell -119.97 points or -0.42% to 28583.43. The high reached 28685.50. The low extended to 28565.28.
10% corrections in S&P 500
It has been more than a year since the S&P 500 went down 10%. In the nearly 17 years since March 2003, there have been 19 declines of 10% or more. There have been 82 declines of 5% or more.
Drawdown Qty Trading days Days since last
5% 82 4234 64
10% 19 4234 298
20% 5 4234 259
25% 2 4234 2731
33% 1 4234 2831
US major indices close at session highs
Major indices all erase early declines
The Dow was down as was just -217 points and is closing up 69 points.
The NASDAQ index is down -77 points and is closing up 51 points
The S&P was down -20 points, and is closing up 11.4 points
It is a big turnaround day for major indices:
More details of the closes are showing:
- S&P index, +11.45 points or 0.35% to 3246.29
- NASDAQ index up 50.695 points or 0.56% to 9071.46
- Dow index 68.67 points or 0.24% to 28703.55
Some winners include:
- Slack, +4.74%
- Netflix, +3.03%
- Alphabet, +2.76%
- Tesla, +1.97%
- Facebook, +1.93%
- Amazon, +1.54%
- GE, +1.42%
- Stryker, +1.32%
- General Mills, +1.23%
- McDonald’s, +1.11%
- General Dynamics, +1.10%
Some losers include:
- Under Armor, -6.41%
- Alcoa, -2.28%
- Lam research, -1.82%
- Micron, -1.80%
- General Motors, -1.27%
- Beyond Meat, -1.13%
- Target, -10.91%
- Nucor, -0.83%
- Starbucks, -0.80%
- Chipotle, -0.77%
Day 1 of 2020 and record closes for the major indices, and at session highs too.
NASDAQ index leads the way with a gain over 1.33%
It is day one of 2020 and the major indices are all closing at record levels. The NASDAQ index is leading the way with a gain over 1%.
The final numbers are showing:
- S&P index rose 27.21 points or 0.84% to 3257.98. The high price was at 3258.14. The low extended to 3235.53
- NASDAQ index rose 119.58 points or 1.33% to 9092.18. The high reached 9093.43. The low extended to 9010.89
- Dow industrial average rose 331.51 points or 1.16% to 28869.95. The high reached 28872.80. The low extended to 28627.77
It is only one day, but the markets are starting off with a flourish in 2020. Apple reached $300.00 and is closing above the $300 level for the first time ever (closing at $300.35). For the day Apple rose $6.70 or 2.28%.
Other big gainers among the big names include:
- AMD, +7.06%
- Tencent, +3.77%
- Alibaba, +3.61%
- Northrop Grumman rose 3.39%
- micron, +3.03%
- Tesla, +2.87%
- Amazon rose 2.72%
- Salesforce rose 2.69%
- Disney rose to 2.43%
- PayPal rose 2.39%
- Apple rose 2.28%
- Facebook rose 2.21%
- Alphabet rose 2.19%
Laggards include:
- General Mills, -2.67%
- Target, -1.68%
- Bristol-Myers Squibb, -1.23%
- Procter & Gamble, -1.15%
- Costco, -0.83%
- Papa John’s, -0.46%
- Coca-Cola, -0.63%
- Wells Fargo, -0.04%
It is increasingly difficult to beat the S&P 500.
S&P, Nasdaq have best year since 2013
Nasdaq up over 35% on year
The US stock market is closed for the year, and oh what a year it was.
The S&P index and the NASDAQ index both had their best years since 2013. The NASDAQ index led the way for the year with a gain of 35.23%. The S&P index rose by 28.87%. The Dow industrial average was limited with a 22.33% gain. Boeing weighed on that index in 2019.
For the day, the major indices are closing near highs:
- S&P index rose 9.41 points or 0.29% to 3230.70
- NASDAQ index rose 26.611 points or 0.30% to 8972.60
- Dow rose 76.1 points or 0.27% to 28538.24
Globally for the year, the Nasdaq index was the largest gainer (+35.23%) followed by the S&P index (+28.88%) and Italy’s FTSE MIB (up 28.28%). The Shanghai composite index had a impressive 22.1% return. France’s Cac and Germany’s DAX rose 26.37% and 25.48% respectively.
The worst performing index was the Portuguese PSI20 at 10.20% and Spain’s Ibex at 11.82%. The UK FTSE, with all the upheaval and uncertainty from Brexit and the political upheaval, had a limited (relatively) gain of 12.10%.
Apple and Microsoft accounted for almost 15% of the S&P 500 earnings this year.
US stocks limp to the finish line
Weak close for stock markets
The Santa Claus rally in stocks is over. After a struggle on Friday the main indexes came under some pressure today.
- S&P 500 -18 points to 3221 (-0.6%)
- DJIA -0.6%
- Nasdaq -0.7%
The bond market was also interesting today with US 10-year yields starting at 1.87% then rising to 1.94% before falling back to 1.88%.