Ratio of the Tech sector to S&P 500 is at its highest level since January 2001.
Archives of “US Market” category
rssUS Major indices all close at record highs (and close at the highs for the day)
S&P index closes above the 3000 level for the 1st time ever
Its the Triple Crown. All three of the major US stock indices closed at session highs. For the S&P index, it is closing above the 3K level for the very first time after toying with moves above on Wednesday and Thursday only to fail.
The final numbers are showing:
- The S&P index of 13.84 points or 0.46% at 3013.75
- THE NASDAQ index of 48 points 102 points or 0.59% at 8244.14
- The Dow is up 243.95 points or 0.90% at 27332.02
Below is a graphical look at the %low, %high and %close. The highs and the close % are basically the same thing today.
For the week, the major indices are ending higher with the Dow leading the way:
- Dow, up 1.52%
- Nasdaq, up 1.01%
- S&P, up 0.78%
For the month of July, the major indices have tacked on decent gains (after a stellar 1H)
- Dow up 2.75%
- S&P, up 2.45%
- Nasdaq up 2.97%.
Next week will begin earning announcements for the 2Q. Below are a snapshot of some of the major releases over the next two weeks, starting with Citigroup on Monday and JP Morgan on Tuesday. The market is going into earnings at all time record highs (I don’t know if that is good or bad). The market seems extended but it is “hard to fight City Hall”
The Dow hits 27,000 for the first time. From 26k to 27k in 541 days
US stocks end mixed in trading today. Dow/S&P closes at record highs. Nasdaq closes lower.
S&P fails on 2nd try above 3000 but still closes at a record.
The US stocks are ending the session mixed.
- The Dow closed up 227.74 points or 0.85% at 27088. The index breached the 27,000 level for the first time ever and makes the close a record
- The S&P index closed up 6.82 points for 0.23% at 2999.89. That was good enought to take out the record close of 2995.82. A bit of a disappointment is that the high today could not take out the high from yesterday at 3002.88, and the index failed to close above the 3000 level.
- The Nasdaq was the laggard today, c closing down -6.488 points or -0.08% at 8196.04. Yesterday, the index closed at record high levels of 8202.53.
Helping the Dow 30 index today was:
- UnitedHealth, +5.54%
- Goldman Sachs, +2.59%
- 3M, +2.0%
- Boeing, +1.92%
- Home Depot, +1.57%
- Bank of America, +1.17%
- Caterpillar, +0.98%
- Nike, +0.96%
- J.P. Morgan, +0.96%
Hurting the Dow today included:
- Merck &Company, -4.53%
- Pfizer, -2.43%
- J&J, -0.79%
- Apple, -0.73%
- Travelers, -0.57%
- DowDuPont, -0.23%
- Verizon, -0.18%
- McDonald’s, -0.14%
- Chevron, -0.1%
JP Morgan: “60% of assets in US stocks are in passive products.”
Nasdaq closes at record highs. S&P trades above 3000 for first time, but backs off.
Major indices all closing higher
The major indices in the US are closing higher with the Nasdaq closing at a new record high. The S&P index traded above the 3000 level for the first time ever, but backed off that level. It is still closing higher on the day. The Dow snapped a 3 day losing streak today.
The final numbers are showing:
- The S&P index, +13.44 points or 0.45% at 2993.07. The high reached 3002.98. The low extended to 2984.61
- The Nasdaq rose 60.80 points or 0.75% at 8202.53. The high reached 8228.598. The low extended to 8160.56
- The Dow rose 76 points or 0.29% at 26860.20. The high reached 26983.45 The low extended to 26813.11.
Some winners today:
- Tesla, +3.85%
- Micron, +3.75%
- Beyond Meat, +3.61%
- General Mills, +2.27%
- AMD, +1.93%
- Facebook, +1.77%
- Nvidia, +1.75%
- Chevron, +1.69%
- Pfizer,+1.57%
- Intuit, +1.53%
- Alphabet, +1.48%
- Amazon, +1.46%
- Exxon Mobil,+1.43%
- Cisco, +1.40%
- Disney, +1.34%
- Microsoft, +1.02%
Some losers today included:
- QUALCOMM, -2.86%
- Target, -2.22%
- Daimler, -1.57%
- Deere and Company, -1.56%
- Charles Schwab, -1.56%
- Wells Fargo, -1.44%
- Slack, -1.28%
- Caterpillar, -1.22%
- Bank of America, -1.16%
- Morgan Stanley, -1.10%
- Goldman Sachs, – 0.87%
- Citigroup, -0.61%
- PNC financial, -0.58%
- Home Depot, -0.58%
- Twitter, -0.52%
Historical earnings growth
Nasdaq/S&P snap two day losing streak
Dow losing streak reaches 3 days
The Nasdaq and S&P snapped 2 day losing streaks and are closing near session highs in the process after being down earlier. The Dow was not so lucky. It’s losing streak is now 3 days.
The final numbers are showing.
- The S&P index rose 3.68 points or 0.12% at 2979.63
- The Nasdaq index rose 43.345 points or 0.54% at 8141.72
- The Dow fell -22.65 points or -0.08% at 26783.49
Below are the high, low and close % changes for the major indices in NA and Europe.
Stocks have never been this expensive for how low interest rates are. This data goes back to 1881! Yet another flaw in the bullish thesis.
US Indices opened down on day and remained negative for the entire day
Major indice trade in the black but close mid range.
The closes in the major stock indices was near the middle of the day’s high and low. However, the major indices opened down on the day and remained negative for the entire day.
The final numbers are showing:
- S&P index is down -14.45 points or -0.48% at 2975.95. The high reached 2980.76. The low extended to 2970.09.
- Nasdaq index closing down -63.408 points or -0.78% at 8098.38. The high reached 8112.91. The low extended to 8078.39
- Dow is closing down -115.98 points or -0.43% at 26806.14. The high reached 26839.14. The low extended to 26744.87.
Below is graphical view of the % high and %low and %close of the NA and European major indices.
