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Overnight US Market : Major US indices all close at record levels

  
Analysis, US Market

The hat trick for the 3 major indices in the US

It’s a hat trick.  In gains with goals, a hat trick is when a player scores 3 goals in the same game.
Well stock trading is not goal scoring, but there are 3 major indices in the US and today, for the first time in a number of months (since mid July), each of the major indices closed at a record levels.  The Dow joined the S&P and Nasdaq in making new all-time highs . The S&P and NASDAQ started to make new highs last week .
Happy days are here again.
The final numbers are showing:
  • The S&P index +11.36 points or 0.37% at 3078.27
  • The NASDAQ index is up 46.802 points or 0.56% at 8433.19
  • The Dow is up 114.75 points or 0.42% at 27462.13.

Uber reported earnings after the close and the market is disappointed with a loss of $0.68 a share versus the loss expected of -$0.81%. Uber sees FY Adj EBITDA loss of $2.8B-2.9B. See loss of $3B -$3.2B. The price is down over 5% in extended hours trading.

The major indices are going out at the session highs. Nasdaq and S&P records

  
Analysis, US Market

Record all time high closes for the S&P and Nasdaq. Dow up 300 points

A great finish to the day and week for the US stocks,  The major indices are closing at the session highs. The S&P and Nasdaq are at record and all time highs. The Dow is up 300 points.  A great close for the major indices.  The Dow is 13 points from all time highs but getting closer.
The final numbers are showing:
  • S&P index +29.35 points or 0.97% at 3066.91
  • NASDAQ index +94.038 points or 1.13% at 8386.39
  • Dow up 300.82 points or 1.11% at 27347.09/
For the week, the major indices are closing with gains:
  • Dow, +1.44%
  • S&P, +1.47%
  • Nasdaq, +1.74%

Looking at changes for the week, the small cap US Russell 2000 is the biggest gainer followed by the Nasdaq. The Spain’s Ibex and Australia S&P/ASX was the weakest this week.

The major US stock indices

No records today. Major indices close lower

  
Analysis, US Market
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Nasdaq leads the month charge forward

The major US stock indices are ending the day with declines but it could have been worse.
The final numbers are showing:
  • The S&P fell -9.21 points oro -0.30% at 3037.56. Yesterday was a record close. So the decline today is makes it easy. No record today.  The high price reached 3046.90 . The low was down at 3023.19.
  • The Nasdaq fell -11.617 points or -0.14% at 8292.35. The high reached 8321.80. The low extended to 8248.80
  • The Dow is closing down -140.46 points or -0.52% at 27046.23. The high reached 27188.37. The low extended down to 26918.29
The % changes of the major stock indices today
Today is also month end (Happy Halloween). The major indices are ending the month higher.
  • Dow, up 0.48%
  • S&P up 2.04%
  • Nasdaq up 3.66%.

For the year, the major indices are still showing strong gains after the down year in 2018.

  • Dow, +15.94%
  • S&P, +21.17%
  • Nasdaq, +24.97%.

US stocks close the session higher. Record close for the S&P

  
Analysis, US Market
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New record close for the S&P

The US stocks are closing the session higher after the FOMC cut rates by 25 basis points and Fed chair Powell said that rates would not go higher unless inflation goes higher.
  • The S&P index rose 9.88 points or 0.33% at 3046.77
  • The Nasdaq rose 27.125 points or 0.33% at 8303.97
  • The Dow rose 115.27 points or 0.43% at 27186.69.
In after hours, Facebook beat on the revenues and earnings-per-share
  • EPS $2.12 versus $1.91 expected
  • Revenues $17.65 billion versus an estimate $17.35 billion

Facebook shares are up 2.3% in volatile trading after the close.

Major indices in the US close lower

  
Analysis, US Market

S&P makes a new intraday high but can’t keep gains

The major US indices in the US are closing lower on the day. The S&P index traded to a new intraday all-time high price at 3047.87, but backed off into the close. The NASDAQ composite index was the hardest said today falling by around -0.60% on the day
The final numbers are showing:
  • The S&P index closed down -2.6 points or -0.08% at 3036.84
  • The NASDAQ index fell -49.133 points or -0.59% at 8276.85
  • The Dow Jones industrial average fell -19.91 points or -0.07% at 27070.83

Apple and Facebook earnings will be released after the close today. Apple fell by -2.31% today after closing at an all-time record high yesterday. Facebook was a little changed today.

Tudor Jones says stocks would drop 25% on a Warren presidential win

  
Analysis, US Market
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Paul Tudor Jones says that a win from Elizabeth Warren in the US 2020 presidential election would prompt a 25% drop in the S&P500.

  • Cites concerns over her proposed wealth tax
PTJ was speaking at a conference on Monday in NY, Bloomberg report citing people familiar with his presentation. 
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warren is a contender for the Dem nomination. 

S&P index closes at an all time record. Nasdaq trades above record close.

  
Analysis, US Market

Nasdaq can’t stay above the record close level

The S&P index is closing at an all-time record high. The NASDAQ index traded above the all-time record close, but backed off into the close. The index also failed to reach the all-time intraday high price at 8339.64. The high for the day reached 8335.56

The final numbers are showing:

  • S&P index up 16.87 points or 0.56% at 3039.42
  • NASDAQ index up 82.86 points or 1.01% at 8325.98
  • Dow up 132.66 points or 0.49% at 27090.72
In after hours trading Alphabet earnings missed although revenues beat marginally.
Earnings-per-share $10.12 versus $12.42 estimate
Revenues $40.5 billion versus $40.32 billion estimate
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