Archives of “US Market” category

rss

US stocks close with losses on the day

  
Analysis, US Market

For the week, the major indices end up modest

The major US indices are ending the session with losses on the day led by declines in the tech heavy Nasdaq. Chip stocks were hit hard after Broadcom announced worse than expected earnings and forecasts for earnings/sales going forward, blaming tariffs and China.
The final numbers are showing:
  • The S&P index closed down -4.65 points or -0.16% at 2886.99. The high reach 2894.45. The low extended 2879.62
  • The NASDAQ index fell -40.47 points or -0.52% at 7796.66. The high reach 7819.21. The low extended to 7778.12
  • The Dow industrial average fell -17.16 points or -0.7% at 26089.61. The high reached 2612.28. The low extended 25988.09
For the week:
  • The S&P index rose 0.47%
  • The NASDAQ composite index rose 0.70%
  • The Dow industrial average rose 0.41%
Technically, the S&P index S&P index was able to remain above its 50 day MA at 2873.94 for each of the trading days.   That’s the bullish news. The not so bullish news is that the market did not exactly race higher this week (see white MA line on the chart below).
S&P index closes above its 50 day moving average

US stocks has a late day move higher and close nearer session highs.

  
Analysis, US Market

Reverse the declines from yesterday

The major indices moved a bit higher into the close and although the indices are closing off the highs, they are closing closer to the day highs.    The small cap Russell index did close near the  highs though (up 1.05%).
Below are the bars of the low and high % changes and the closing % change.
  • The S&P closed up 0.41%
  • The Nasdaq closed up 0.57%
  • The Dow closed up 0.39%.
Reverse the declines from yesterday
Some winners for the day included:
  • Disney, 4.43%
  • United Continental, 3.96%
  • Southwest Airlines +3.11%
  • Papa John’s, +2.33%
  • Tesla, +2.22%
  • Delta Airlines, +1.97%
  • Dow Dupont, +1.6%
  • Home Depot, +1.72%
  • Nvidia, +1.41%
  • Facebook, +1.39%
  • micron, +1.27%
  • Nike+ 1.2%
  • Alphabet, +1.10%
Some of the losers for the day included:
  • Twitter, -3.04%
  • AMD, -2.45%
  • Pfizer, -1.32%
  • Visa, -1.3%
  • MasterCard, -1.02%
  • Merck, -0.93%
  • chipotle, -0.85%
  • J&J, -0.70%
  • Bristol-Myers Squibb, -0.63%
  • Netflix, -0.62%
  • Beyond Meat, -0.41%
  • Coca-Cola, -0.23%

Lower day for major indices but nothing to worry about….

  
Analysis, US Market

Nasdaq down the most on the day.

Stocks traded mostly in the red today. The S&P traded up 0.1% at the highs and the Dow traded up 0.13%.  The Nasdaq never got in the black today.
Nevertheless, it wasn’t necessarily a day to “write home about”. Call it down, but there were some shares that did ok too.
Nasdaq down the most on the day.
The final numbers are showing:
  • The S&P fell -0.20%
  • The Nasdaq fell -0.38%
  • The Dow fell -0.17%.
The indices are nearer the lows of the day at the close, but again, it is not a disaster.
Some winners today included:
  • Beyond Meat, +12.64%
  • J&J, was 1.41%
  • United Continental, +1.23%
  • Stryker, +1.19%
  • Delta Airlines, +1.04%
  • Gilead, +1.03%
  • Pfizer, +1.01%
  • United Technologies, +0.96%
  • Box, +0.96%
  • Verizon, +0.93%
  • Merck, +0.90%
  • Walmart, +0.82%
  • McDonald’s, +0.82%
  • Twitter, +0.78%
  • Visa, +0.76%
  • Celgene, +0.61%

Losers today included:

  • First Solar, -6.8%
  • Micron, -5.4%
  • Tesla, -3.61%
  • Nvidia, -3.02%
  • Wells Fargo, -2.94%
  • Morgan Stanley, -2.40%
  • QUALCOMM -2.32%
  • Goldman Sachs, -2.32%
  • Cisco, -2.19%
  • Charles Schwab, -1.75%
  • Facebook -1.72%
  • Netflix, -1.63%
  • Alibaba, -1.60%
  • Citigroup, -1.58%

Call it a tie in the US stock market today

  
Analysis, US Market

Major indices close within shouting distance of the close from yesterday

Call it a tie betweent the buyers and sellers. That is because the major indices are ending the day within few points of unchanged on the day.

Although unchanged, it was more of a disappontment for the bulls. The Dow was up 185 points at the highs. The Nasdaq was up 86 points. The S&P was up aount 24 points at the highs.  So those gains were eroded through the day.
The final numbers are showing:
  • S&P fell -1.01 pointsor -0.04% at 2885.72
  • Nasdaq fell -0.603 points or -0.01% at 7822.56
  • Dow fell -13.70 points or -0.05% at 26048.98
Below are the high/low % changes and the closing %.  As you can see, the move above the 0% line was greater. So giving up those gains is a disappointment.

Stocks end higher but S&P and Dow close near intraday low levels

  
Analysis, US Market

Nasdaq closes near intraday lows as well

Looking at the final numbers for the US stocks, the numbers are not all that bad:
  • The S&P is closing up 13.39 points or 0.47% at 2886.73
  • The Dow is closing up 78.74 points or0.30% at 26062.68
  • The Nasdaq is closing up 81.067 points or 1.05% at 7823.156
However, looking the high/low intraday ranges, the major indices closes at or near the lows for the day.

An Update :US Dollar Index ,Euro ,INR ,YEN ,GBP ,CAD ,AUD ,Mexican Peso ,GOLD ,SILVER ,SPX 500 -Anirudh Sethi

  
Analysis, Crude, Forex, US Market
The US dollar fell against all the major currencies last week, and the technical indicators warn the further losses are likely.  Market speculation that the Federal Reserve will be forced to cut rates more than once this year has strengthened.  It is outpacing the expectations that the ECB and BOJ will have to ease policy as well.  Canada’s firmer data, including a surge in job creation, and Norway’s shift to a less accommodative monetary stance, are notable exceptions.  The Bank of England may be as well, but the uncertainty about Brexit and the risk of a no-deal exit at the end of October suggest steady policy may continue to be appropriate.
President Trump hinted that the new tariffs on Mexico would not be implemented while the markets were open before the weekend.  The peso rallied on the news, and the deal that led to the “indefinite suspension” of the tariff was confirmed.  To be sure, the “suspension” means the tariffs and the claim of emergency powers remains on the books, and that the proverbial Sword of Damocles continues to be an implicit threat whose suspension can be lifted at the will or whim of the US President.
   To read more enter password and Unlock more engaging content
Go to top