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US : All major indices close higher once again

  
Analysis, US Market

S&P, NASDAQ, Dow and Russell 2000 all close at record levels

All major indices close higher once again and once again at record levels:

  • NASDAQ closes higher for the 11th straight day
  • Dow, Russell 2000 hit intraday record highs
  • S&P closes higher for the eighth consecutive day
  • NASDAQ index closed at a record high for the 44th times in 2021
  • S&P index closed at record high for the 65th time in 2021
  • Dow industrial average closed at a record high for the 44th time in 2021
A look at the major indices that the close shows:
  • Dow industrial average up 103.44 points or 0.28% at 36431.39 . The new intraday all time high price reached 36565.73
  • S&P index up 4.19 points or 0.09% at 4701.72.
  • NASDAQ index up 10.77 points or 0.07% at 15982.36
  • Russell 2000 up 5.66 points or 0.23% at 2442.74. The new intraday record high reached 2458.855

S&P and NASDAQ close at record highs for the seventh straight day

  
Analysis, US Market

NASDAQ up for the 10th consecutive trading day

The major indices jumped higher on the stronger jobs report. Despite the stronger report, US yields moved down as follow-through buying in debt instruments after the FOMC decision are helping the tone:
  • NASDAQ and S&P close at record levels for the seventh consecutive day
  • Dow industrial average closes at a record as well after yesterday’s declines
  • The Russell 2000 index also closed at a record level
  • The NASDAQ index traded above the 16,000 level for the first time ever on its way to a new all-time high of 16053.39
The final numbers are showing:
  • Dow industrial average rose 203.70 points or 0.56% at 36327.96
  • S&P index is up 17.47 points or 0.37% at 4697.54
  • NASDAQ index is up 31.29 points or 0.2% at 15971.60
  • Russell 2000 index rose 34.65 points or 1.44% at 2437.09
For the trading week, the
  • Dow rose 1,45%
  • S&P rose 1.99%
  • Nasdaq index rose 3.06%
  • Russell 2000 rose 6.12%.
US yields are trading lower with the 30 year down -7.7 basis points.
US yields are lower

NASDAQ up for the ninth consecutive day. Dow win streak snapped.

  
Analysis, US Market

Sixth consecutive record close for the NASDAQ index. Dow string of four consecutive record closes is broken

The NASDAQ and S&P index are closing at record levels. The Dow industrial average closed lower and snapped it four consecutive record closing string string:
  • Dow industrial average string of four consecutive record closes is snapped (5 days up snapped too)
  • S&P rises for the six straight day
  • NASDAQ rises for the ninth straight day
  • NASDAQ recorded its sixth straight record close
  • The NASDAQ closed at a record level for the 42nd time
  • S&P index closed at a record level in 2021 for the 63rd time
The Russell 2000 index fell -0.08% after closing at a record level yesterday.
The final numbers are showing:
  • Dow fell -33.35 points or -0.09% at 36124.22
  • S&P index rose 19.49 points or 0.42% of 4680.07
  • NASDAQ index rose 128.73 points or 0.81% at 15940.32

Major indices close higher as Fed tapers but will take it’s time

  
Analysis, US Market

NASDAQ, Russell 2000 lead the way

The major indices are all closing higher and at record levels as the Fed tapers but will take it’s time in taking away the punch bowl.
The more rate sensitive NASDAQ and small-cap Russell 2000 index were the out performers.
  • The NASDAQ index rose over 1%
  • the Russell 2000 index rose 1.8%. Year-to-date the Russell index is up 21.73%
Other highlights:
  • NASDAQ recorded its fifth straight record close
  • Dow industrial average closed at a record level for the fourth consecutive day
  • The NASDAQ closed at a record level for the 41st time
  • S&P index closed at a record level in 2021 for the 62nd time
  • Dow industrial average closed at the record level for the 42nd time
  • The NASDAQ index is up for the eighth consecutive day
  • Consumer discretionary (+1.8%), materials (+1.1%), consumer staples (+0.9%) were the leading sectors
  • Energy -0.8%, utilities -0.3%, and industrials -0.2% where the lagging sectors
Looking at the major indices
  • Dow industrial average rose 104.39 points or 0.29% at 36157.02
  • S&P index rose 29.92 points or 0.65% of 4660.56
  • NASDAQ index rose 161.98 points or 1.04% at 15811.58
  • Russell 2000 index rose 42.42 points or 1.8% at 2404.28
Oversized winners today included:
  • Bed Bath & Beyond, +15.2%
  • Lyft, +8.1%
  • Uber, +6.6%
  • Rack Space, +6.32%
  • Robin Hood, +5.86%
  • GoodRx, +5.51%
  • Gamestop, +5.49%
  • Beyond Meat, +5.31%
  • AMC, +5.26%

Dow, S&P, NASDAQ close at record highs. Russell 2000 trades to a new intraday all-time high

  
Analysis, US Market

Russell 2000 sets the first intraday high since March

A quadruple record close for the major indices. In addition to the Dow S&P and NASDAQ posting a record closes, the Russell 2000 index also joined the party with its own new all-time high.
  • NASDAQ recorded its fourth straight record close
  • Dow industrial average closed at a record level for its third consecutive day.
  • NASDAQ closed at a record level for the 40th time
  • Dow industrial average closed at a record level for the 41th time
  • S&P index closed at a record level for the 61st time
  • NASDAQ is up for the seventh straight day
  • Winning sectors included Materials rose 1.1% real estate rose 0.94%, technology rose 0.82% and consumer staples rose 0.69%
  • Losing sectors included energy which fell -1.01%, discretionary fell -0.62%
The gains come despite the expectations at the Federal Reserve will start to taper process when they announce their decision tomorrow at 2 PM ET. The expectations are for $15 billion. That would put the Fed on schedule for finishing the taper by midyear 2022. There is a possibility that they speed up the taper process could be a problem for the stock market if that should happen.
The final numbers are showing:
  • Dow industrial average +138.79 points or 0.39% at 36052.63
  • S&P index rose 17.04 points or 0.37% at 4630.71
  • NASDAQ index rose 53.69 points or 0.34% at 15649.60
  • the Russell 2000 rose 3.74 points or 0.16% at 2361.86

New records for the 3 major indices (again)

  
Analysis, US Market

39th record close for the Nasdaq, 40th for the Dow and 60th for the S&P

The three major indices closed at record levels once again.  For the year, the
  • NASDAQ closed at a record level for the 39th time
  • Dow industrial average closed at a record level for the 40th time
  • S&P index closed at a record level for the 60th time
  • Sector leaders were energy, and consumer discretionary
  • Sector laggards were communication services and healthcare
The final numbers are showing:
  • Dow industrial average rose 94.26 points or 0.26% at 35913.83
  • S&P index rose .29 points or 0.18% at 4613.68
  • NASDAQ index rose 97.54 points or 0.63% at 15595.93
The biggest winner was the small-cap Russell 2000. It rose 60.93 points or 2.65% at 2358.12. The Russell 2000 is up 5.2% over the last month
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