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US major stock indices are open for trading. Higher on the day.

  
Analysis, US Market

Nasdaq lead the charge today.

The major US stock indices are open for trading and all are higher on the day in the morning snapshot:
  • S&P index +5.9 points or 0.20% at 2982.52
  • NASDAQ index of 30 points or 0.37% at 8177.10
  • Dow industrial average of 7 points or 0.2% at 27157

It will be a another big week for earnings with Boeing, Caterpillar, Facebook, Tesla, Alphabet, Intel, and Amazon some of the bigger names on the earnings calendar. Below is just a snapshot of the some of the more familiar names that will be releasing this week.

The major release calendar this week.

US Indices go out at the session lows

  
Analysis, US Market

Nasdaq leads the way lower

The major US stock indices are going out near/at session lows.  The S&P index is disappointed that it could not remain above the 3000 level. The Dow was up 120 points at the highs.
Below are the closing levels (or close enough):
  • The S&P index 12-18.49 points or -0.62% 2976.62. The high reached 3006.02. The low for the day was just above the closing level at 2975.86
  • The Nasdaq index fell -60.754 points or -0.74% at 8146.48. The high reached 8245.77. The low extended to 8144.625.  The index was up 39 points at its session highs.
  • The Dow fell –68.56 points or -0.25% at 27154.41. The high reached 27342.96. The low extended to 27145.78.
Below are the % high, % low and % change for the North American and European indices today:
percentage changes of the high, low, change for the major stock indices today
For the week, the major indices made new all time highs earlier in the week, but gave up those gains and closed lower on the week:
  • The S&P fell -1.23%
  • The NASDAQ composite index fell -1.18%
  • The Dow industrial average fell -0.65%

Major US stock indices close with gains

  
Analysis, US Market

Dow ekes out a small gain at the close.  S&P index almost makes it to 3K but falls short

The major US stock indices of closing the day with gains. The Dow eked out a small gain at the close. The S&P index was the largest percentage gainer, reaching a high of 2998.28, just short of the 3000 level.
The closing numbers are showing:
  • S&P index up to 10.69 points or 0.36% at 2995.11
  • NASDAQ index of 22.036 points or 0.27% at 8207.24
  • Dow rose 3.12 points or 0.01% at 27222.97.
Below is a graphical look of the percentage changes for the days high, low and close:
Dow ekes out a small gain at the close.  S&P index almost makes it to 3K but falls shortSome winners today included:
  • IBM, +4.59%
  • Chewy, +3.57%
  • micron, +3.00%
  • Intuitive Surgical, +2.51%
  • Broadcom +1.65%
  • Morgan Stanley, +1.51%
  • Wells Fargo, +1.37%
  • Citigroup, +1.36%
  • Stryker, +1.19%
  • Apple, 1.14%
  •  Intel, +1.11%
  • McDonald’s, +1.03%
  • American Express, +1.03%
Losers included
  • Netflix, -10.27%
  • Slack, -4.39%
  • Boeing, -2.28%
  • Unitedhealth, -2.33%
  • QUALCOMM, -1.3%
  • AMD, -1.79%
  • Alibaba, -1.15%
  • 3M, -0.96%
  • Exxon Mobil, -0.85%
  • Box, -0.82%
  • Amazon, -0.71%
  • Walt Disney, -0.67%

US Indices closed in RED

  
Analysis, US Market

Earlier gains erode. S&P index back below the 3000 level

The major US indices are closing near session lows. There is a late day report that US/China talks have stalled as the US tries to figure out how to deal with Huawei.
The final numbers for the major indices are showing:
  • S&P index down -19.63 points or -0.65% at 2984.41. The low reached 2984.25
  • Nasdaq down -37.59 points or -0.46% at 8185.20. The low reached 8184.66
  • Dow down -115.64 points or -0.42% at 27219.92. The low reached 27218.38

Netflix after the close is down -8% (now -11%) after new subscribers was much less than expectations at 2.7M vs 5.0M estimated.   A big miss.   Revenues was a touch lower while EPS was higher at $0.60 vs $0.56.  Those numbers don’t matter with the huge miss in subscribers.

US stocks edge up to new records as investors eye earnings season

  
Analysis, US Market
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Wall Street notched fresh record highs in cautious trading on Monday as investors awaited the first onslaught of quarterly earnings reports.

The S&P 500 bounced off session lows seen in afternoon trading to gain about half a point at 3,014.30. The Dow Jones Industrial Average ticked 0.1 per cent higher, and the Nasdaq Composite rose 0.2 per cent.

The modest rally extended a record run on Wall Street that was fuelled last week by expectations for looser monetary policy at the Federal Reserve. The benchmark S&P 500 secured its third closing high in as many sessions, while the Dow and tech-heavy Nasdaq set records for a second consecutive day.

Citigroup offered the opening salvo in a busy week of bank earnings. Goldman Sachs, JPMorgan Chase and Wells Fargo will file on Tuesday. Bank of America’s financials will arrive a day later.

Citi’s shares fell 0.1 per cent, paring a gain of 1.5 per cent made last week in the run-up to its numbers.

A number of further corporate reports due throughout the week will start to reveal if the US is on course for its first earnings recession since 2016, playing into investors’ perceptions of the outlook for the economy as the Trump administration’s trade dispute with Beijing continues.

Growth data from China published on Monday showed the country’s rate of quarterly expansion was its slowest in 27 years at 6.2 per cent, but there was relief that the tariff battle between the world’s two biggest economies had not taken a deeper toll on the data.

Early gains on Wall Street helped European bourses consolidate gains after an uncertain showing in the region. The international Stoxx 600 rose 0.2 per cent.

Frankfurt’s Xetra 30 was up 0.5 per cent. London’s FTSE 100 rose 0.2 per cent, with its gains underpinned by miners.

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