Reversion to the mean.
Archives of “US Market” category
rssUS stocks buck early negativity to finish mostly higher
US stocks finish largely unchanged
Futures pointed to a 25 point decline in the S&P 500 at the open but after some early softness the market quickly firmed.
Closing changes:
- S&P 500 +7 points to 4455 or +0.1%
- Nasdaq -0.1%
- DJIA +0.1%
- Russell 2000 -0.5%
On the week:
- S&P 500 +0.5%
- Nasdaq +0.1%
Here’s the weekly chart of the S&P 500:
The major US indices close higher with the Dow leading the way
The NASDAQ is up for the third day.
The NASDAQ is up for the third day.The major US indices are closing higher with the Dow leading the way. Indices are higher despite sharp rises in yields. The NASDAQ index, which tends to be more sensitive to higher rates, did lag, but it still had a gain of over 1% on the day.
The final numbers are showing:
- Dow up 506.5 points or 1.48% at 34764.82. At the the Dow was up 621.46 points or 1.81%
- S&P index closed up 53.36 points or 1.21% at 4448.99 it was up 70.16 points at it’s high or 1.6% the NASDAQ index closed up 155.41 points or 1.04% at 15052.25. At the highs, the NASDAQ was up 188.6 points or 1.27%
- The Russell 2000 index was up 40.48 points or 1.82% at 2259.04
US Indices close higher. Dow and S&P snap 4-day losing streak
Nasdaq up for the 2nd consecutive day.
The US stock market made through the taper talk from the Fed Chair Powell. The indices also have the positive from less bearish implications from the China Evergrande situation.
The final numbers are showing:
- Dow industrial average up at 338.48 points or 1.0% at 34258.33
- S&P index up 41.45 points or 0.95% 4395.63
- NASDAQ index up 150.46 points or 1.02% at 14896.86
- Russell 2000 rose 32.38 points or 1.48% at 2218.56
highlights:
- Dow the S&P have the best day since July 20
- Utilities and healthcare lag
- Financials and energy lead the gains
- NASDAQ closes higher for the second consecutive day
- S&P and Dow snapped the four day losing streak.
Although the major indices closed with solid gains, they also closed off their highs for the day.
- Dow traded as high as 34440.42 up 520.58 points
- S&P traded as high as 4416.75, up 62.56 points
- NASDAQ index traded as high as 14950.10, up 203.70 points.
S&P 500 stumbles back into negative territory late
Closing changes for the main US equity bourses
- S&P 500 -3.5 points to 4354
- Nasdaq +0.4%
- DJIA -0.1%
- Toronto TSX composite +0.6%
FedEx also reported earnings after the bell and shares quickly fell 2% on lower guidance.
Uber shares up 7.2% after co expects to record breakeven adjusted EBITDA in current qtr – Reuters
NASDAQ down 2.2%, S&P500 down 1.6%
Those the ‘unofficial’ declines on the session.
Running scared on the back of Evergrande ‘contagion’ is the big story.
- Dow -1.7%.
S&P having its biggest tumble is a couple of months. Since mid_july. NAS its biggest drop since May.
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Major indices close lower for the day and lower for the week
Both the NASDAQ index and S&P index declined by -0.91% in trading today
The major indices are closing lower for the day and also lower for the week. Both the NASDAQ index and S&P index fell by equal -0.91%. The Dow industrial average fell by -0.48%.The final numbers are showing:
- Dow industrial average -166.44 points or -0.48% at 34584.87
- S&P index -40.78 points or -0.91% at 4432.98
- NASDAQ is down 137.95 points or -0.91% at 15043.98
For the week,
- Dow, -0.07%
- S&P index -0.56%
- NASDAQ index -0.47%.
The strongest currency today was the US dollar. The weakest was the Canadian dollar. The US session saw the dollar moved to the highs help by rising interest rates.