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Major indices move higher. Dow erases losses from last week/Nasdaq higher but lags

  
Analysis, US Market

The major US stock indices are closing the session with varied gains. The major three indices was led by the Dow. The Russell 2000 which has been beaten down the most from all time highs, had the best gains for the day. The Nasdaq index which is 6% off the all time high, lagged but still rose 0.93% on the day.

All the S&P sectors rose on the day with consumer staples, industrials and communication services leading the way.

The final numbers are showing:

  • Dow industrial average rose 646.95 points or 1.87% at 35227.02
  • S&P index rose 53.24 points or 1.17% at 4591.68
  • NASDAQ index rose 139.69 points or 0.93% that 15225.16
  • Russell 2000 index rose 44.17 points or 2.05% that 2203.47

Some of the bigger winners today included:

  • Rivian Automotive, +11.57%
  • AliBaba, +10.44%
  • Airbnb +8.46%
  • United Airlines plus a .32%
  • American Airlines +7.8%
  • Uber +7.36%
  • lyft +6.28%
  • Delta +6.02%
  • Twitter +5.66%

Losers today included:

  • Moderne up -13.49%
  • Novavax, -11.6%
  • Pfizer -5.12%
  • Chewy, -5.02%
  • AMD, -3.44%
  • Game Stop, -2.98%
  • Nvidia -2.14%
  • Crowdstrike, -1.19%
  • snowflake -1.05%

S&P and Dow erase yesterday’s losses.

  
Analysis, US Market

Dow, S&P and NASDAQ snap a two day losing streak

The S&P and Dow indices erased yesterday’s losses. The Dow S&P and NASDAQ erased today losses. The Russell 2000 index also rose after declines over the last few days took the price 10% off its all-time high before rebounding.
The final numbers are showing:
  • Dow industrial average rose 618.54 points or 1.82% at 34640.59
  • S&P index rose 64.11 points or 1.42% of 4577.14
  • NASDAQ index rose 127.28 points or 0.83% 1531.33
  • Russell 2000 index rose 58.93 points or 2.74% at 2206.34

Complete Perfect Downward Bar Reversal at Wall STREET

  
Analysis, US Market

Major indices close at session lows erasing solid gains in the process

The major US stock indices snatched defeat from the jaws of victory.
The stock market was digesting the second of testimony from Treasury Secretary Yellen and Fed chair Powell. However, a headline that the US had their first confirmed case of the omicorn variant, helped to push stocks into the red, then down -1%, and ultimately to new lows at the close.
At the highs, the Dow, S&P, NASDAQ were each up over 1.5% (with the S&P hitting an intraday high of +1.89%).
At the close, those gains were reversed with each indice closing down -1.18% or more (the NASDAQ closed down -1.83%).
The Dow industrial average had a swing of nearly 1000 points from the high to low.
The final numbers are showing:
  • Dow industrial average -461.7 points or -1.34% at 34022.05
  • S&P index -53.98 points or -1.18% at 4513.03
  • NASDAQ index -283.63 points or -1.83% at 15254.06
  • The small-cap Russell 2000 index is closing down -51.48 points or -2.34% at 2147.42. It traded as high as 2253.37. The Russell 2000 has declined over 12.5% from its high reached on November 8

US Indices retreat on Fed Powell’s hawkish comments

  
Analysis, US Market

Fed Chair shifts his bias

The Fed Chair shifted his bias toward the hawkish side getting rid of the “inflation is transitory” statement and plugging for a faster taper as well.
The major indices all fell sharply with the small-cap Russell 2000 and S&P index leading the way (although the Dow and NASDAQ were also hit hard).
The final numbers are showing:
  • Dow industrial average -652.22 points or -1.86% at 34483.70
  • S&P index -88.25 points or -1.90% at 4567.01
  • NASDAQ index -245.13 points or -1.55% at 15537.70
  • Russell 2000-43.06 points or -1.92% at 2198.90
For the month:
  • Dow industrial average -3.73%
  • S&P index -0.83%
  • NASDAQ index +0.25%
  • Russell 2000, -4.28%
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