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Major indices claw back some of the losses from Friday’s trade

  
Analysis, US Market

NASDAQ index leads the way

The major indices clawed back some of the losses from Friday’s trade with the NASDAQ index taking back the most. The Dow industrial average lagged.

The final numbers are showing:
  • Dow industrial average +236.47 points or 0.68% at 35135.99
  • S&P index +60.61 points or 1.32% at 4655.25
  • NASDAQ index up 291.19 points or 1.88% at 15782.84.
  • Russell 2000 fell -3.95 points or -0.18% at 2241.97
At the highs, the major indices showed:
  • Dow Jones up 388.57 points or 1.11%
  • S&P index up 78.45 points or 1.71%
  • NASDAQ index up 341.5 points or 2.2%
Some big winners today included:
  • Moderna, +11.71%
  • Goodrx, +8.85%
  • Rivian automotive, +6.98%
  • Nvidia, +5.96%
  • Lam research, +5.95%
  • Roblox, +5.47%
  • Tesla, +5.11%
  • AMD, +4.55%
  • Salesforce, +4.36% (Salesforce will announce earnings after the close tomorrow).
Some big losers today included:
  • Novavax, -11.08%
  • Merck, -5.41%
  • Worthington industries, -3.77%
  • Crowdstrike, -3.55%
  • Bed Bath & Beyond, -3.44%
  • Bristol-Myers Squibb, -3.4%
  • Wynn resorts, -3.16%
  • RobinHood, -3.01%
  • Pfizer, -2.96%
  • Beyond Meat, -2.83%
  • Twitter, -2.8%

US stocks finish near the best levels of the day

  
Analysis, US Market

Early worries vanish

Early worries vanish
Data showing a strong consumer and tight jobs market didn’t hurt equities, neither did a surprising hawkish turn from the SF Fed President.
US equities started lower but touched the lows of the day within minutes. From there it was a slow, low volatility grind higher as US traders slowly filed out for a long weekend.
  • S&P 500 up 11 points to 4710 (+0.2%)
  • Nasdaq +0.4%
  • DJIA flat
  • Russell 2000 +0.2%

NASDAQ falls for the second consecutive day. Dow closes higher for the second consecutive day

  
Analysis, US Market

S&P and Dow industrial average move higher

The NASDAQ index fell for the second consecutive day. Yesterday the index fell -1.27%. Today’s declined took the price down -0.50%. That still is well off the lows which saw the index down as much as -1.6%.
The S&P and Dow industrial average both rose and are closing higher on the day. The S&P index was down as much as -0.56% at the lows. The Dow industrial average was down -0.21% at its trading lows before rebounding.
The provisional closes are showing:
  • Dow industrial average rose 194.55 points or 0.55% at 35813.79
  • S&P index rose 7.74 points or 0.17% at 4690.69
  • NASDAQ index fell -79.61 points or -0.50% at 15775.15
The Russell 2000 index fell for the fifth day in a row. It fell -3.5 points or -0.15% at 2327.85.
The S&P index was able to extend above its 100 hour moving average at the close at 4686.27.
For the NASDAQ index it trades between its 200 hour moving average at 15571.06, and its 100 hour moving average at 15890.75. The NASDAQ index high tested its 100 hour moving average and found sellers against that level. It would now take a move back above that moving average level to increase its bullish bias.. The NASDAQ index closes nearly 3% from its record high.

US stocks close near lows for the day as rates move higher

  
Analysis, US Market

NASDAQ index falls -1.26%. Dow snapped a three day losing streak but closes near it’s lows

The major US indices are closing near lows for the day as higher rates hurt investor sentiment.
The NASDAQ index – which closed at a record level on Friday and also made new all-time intraday highs today  – turned around and was the biggest decliner. The S&P index also made new intraday highs, but is closing lower on the day (and at the lows).
A snapshot of the closing levels shows:
  • Dow industrial average +17.28 points or 0.05% at 35619.26. The high level took the index up 327.68 points or 0.92%. The low for the day reached 35615.55, just off the closing level
  • S&P index fell -15.73 points or -0.33% at 4682.23. It’s high price stalled at a gain of 45.78 points up 0.97%. The low for the day reached 4681.98 (also just off the closing level)
  • NASDAQ index closed down 202.7 points or -1.26% at 15854.80 after reaching a high change of 154.70. The pair close just off it’s lows for the day at 15851.00 (just off the closing level)
Higher rates took its toll on the more riskier NASDAQ index. The five year yield rose 10.9 basis points.
The U.S. Treasury sold both two and five year notes with less than stellar demand from both domestic and international investors.
NASDAQ index falls -1.26%. Dow snapped _a three day losing streak but closes near it's lows

NASDAQ index closes the week at a record. Trades to a record intraday high as well

  
Analysis, US Market

Dow and S&P close lower

The US major stock indices are closing with mixed results.
Some highlights for the major indices:
  • The NASDAQ index closed at a record level. The index rose 63.74 points or 0.4% to 16,057.45. The index reached an intraday new all time high at 16,121.12. The low extended to 16017.23.  The NASDAQ index closed above 16,000 for the first time ever
  • The S&P index stretch to just 1 point short of reaching a new all-time intraday high at 4718.50. The high price today reached 4717.75. The price rotated lower after the failed attempt. The index is closing at 4697.95. That is down -6.6 points or -0.14%. The S&P closed at a record level on Thursday, but not today
  • The Dow industrial average was down for most of the trading day. The index fell -268.97 points or -0.75% to 35601.99.  The large declines to the index down -315.58 points or -0.8%. The high price for the index up a small 8.14 points or 0.02%
Losers today included
  • Energy
  • Financials, and
  • Healthcare
The winners included
  • Technology,
  • Consumer discretionary, and
  • Utilities

S&P and NASDAQ close at a record level

  
Analysis, US Market

Dow closes lower.

Both the S&P and NASDAQ indices closed at record levels today.
  • The S&P index closed above its previous high of 4701.69 reached on November 8
  • the NASDAQ index closed above its previous record high at 15982.36 reached on November 8
  • The Dow industrial average closed lower on the day
The final numbers are showing:
  • Dow industrial average felt -60.10 points or -0.17% at 35870.94
  • S&P index rose 15.87 points or 0.34% at 4704.55
  • NASDAQ index rose 72.15 points or 0.45% at 15993.72
Looking at the S&P sectors,
  • consumer discretionary’s rose by 1.2%
  • technology rose by 1.0%
the losers today included:
  • communications -0.7%
  • an energy -0.6%
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