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US stocks close near highs. Record closes for the the S&P and NASDAQ

  
Analysis, US Market

S&P has its best day in more than a month

The major US stock indices all closed higher.

  • Both the S&P and NASDAQ closed at record levels
  • The S&P closed at a record level for the 52nd time this year
  • Every sector of the S&P closed higher except healthcare and utilities
  • The NASDAQ closed at record level for the 31st time in 2021
  • The Russell 2000 led the way with a gain of 2.85%
  • The Russell 2000 was higher by over 5% this week
  • Energy rose 2.63%
  • Communication services rose 1.6%
  • Materials, +1.33%
  • Financials, +1.32%
  • Healthcare fell -0.16%
  • Utilities fell -0.03%
The final numbers are showing:
  • Dow industrial average rose 242.68 points or 0.69% at 35455.80
  • S&P index rose 39.37 points or +0.88% at 4509.37
  • NASDAQ index rose 183.69 points or 1.23% at 15129.50
For the week all major indices rose:
  • Dow +0.95%
  • S&P index +1.53%
  • NASDAQ index +2.82%
Year-to-date:
  • Dow 15.83%
  • S&P index up 20.06%
  • NASDAQ index up 17.39%

US Major indices close near lows for the day

  
Analysis, US Market

NASDAQ trades to record high before reversing lower

The major indices are closing near the lows for the day.

Highlights:
  • NASDAQ still on track for its best week in five weeks
  • Dow breaks a four day win streak
  • NASDAQ and S&P break as a five day win streak
  • NASDAQ traded to a record high before reversing lower
  • energy, consumer discretionary, technology and communications the weakest.
  • Real estate the only gaining sector in the 11 S&P sectors
The final numbers are showing
  • Dow Jones -192.38 points or -0.54% at 35213.12
  • S&P index -26.27 points or -0.58% at 4469.92
  • NASDAQ -96.05 points or -0.64% at 14945.81
Some oversized losers today included:
  • Dollar Tree -12.04%
  • AMC -8.21%
  • Roblox -5.05%
  • AirBNB, -4.8%
  • Robinhood, -4.27%
  • Snap, -4.10%
  • Express, -4.05%
  • Novavax, -3.26%
  • Chewy, -2.83%
Gainers today included:
  • Snowflake, +7.63%
  • Crowd strike, +3.24%
  • Trager, +3.19%
  • Game Stop, +2.70%
  • Salesforce, +2.68%
  • Palantir, +2.22%
  • Northrop Grumman +1.15%

Dow 30 losers today include:

  • Boeing, -2.05%
  • Nike, -1.71%
  • Caterpillar, -1.65%
  • Aubrey boots, -1.64%
  • Travelers -1.6%
  • Chevron, -1.31%

Dow 30 winners today include:

  • Salesforce, +2.68%
  • 3M, +0.52%
  • J.P. Morgan, +0.52%
  • Honeywell, +0.08%

Wall Street honchos and Chinese officials to meet, try to smooth relations

  
Analysis, US Market

The China-U.S. Financial Roundtable (CUFR) was formed in 2018

  • it last met (virtually) in October 2020
  • group is co-chaired by former Chinese central bank governor Zhou Xiaochuan and John Thornton, a veteran of Goldman Sachs
Reuters report, citing an unnamed person familiar, it plans to meet again in the (northern) fall.
  • aiming to strengthen financial sector ties and bolster bilateral relations
Is this gonna be soybeans all over again?

S&P and NASDAQ close at record highs

  
Analysis, US Market
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Russell 2000 leads the way with a gain of 1%

The S&P and NASDAQ are both closing at record high levels.

  • S&P and NASDAQ up for the fourth consecutive day
  • Russell 2000 leads Way with a 1% gain
  • Dow rises for the second consecutive day
  • NASDAQ index closed above the 15,000 level for the first time ever
  • Energy (+1.7%), discretionary and materials led the gains
  • Consumer staples (-0.8%), real estate (-0.7%), utilities (-0.7%) saw the declines
The final numbers are showing:
  • Dow industrial average rose 30.55 points or 0.09% at 35366.26
  • S&P index rose 6.7 points or 0.15% at 4486.23
  • NASDAQ index rose 77.14 points or 0.52% at 15019.79
Meme, Chinese companies and reopening stocks did better:
  • Game Stop, +27.66%
  • AMC +20.15%
  • AirBNB, +9.89%
  • BlackBerry, +9.62%
  • Tencent, + 9.26%
  • Robinhood, +8.85%
  • Crowdstrike, +8.07%
  • Alibaba, +6.6%
  • Goodrx, +5.74%
  • Roblox, +4.92%
  • FireEye, +4.72%
  • Koss, +4.64%
  • Bed Bath & Beyond, +4.53%
  • Southwest they are, +4.31%
  • Chewy, +4.29%
Losers included:
  • Traeger, -9.49%
  • Novavax, -7.09%
  • Moderna, -4.11%
  • Pfizer -3.10%
  • Western Digital -2.39%
  • Uber,-2.05%
  • General Mills, -1.96%
  • First Solar, -1.6%
  • snap, -1.15%
  • AMD, -1.03%
  • Home Depot, -0.9%
  • Nvidia, -0.77%
  • Costco, -0.71%
  • Microsoft, -0.65%
  • Gilead, -0.41%

Solid gains for stocks as investors cheer FDA approval of Pfizer Covid vaccination

  
Analysis, US Market
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S&P and NASDAQ close at record levels

The US major indices had a solid gains today led by the NASDAQ index which increased 1.54%. The Russell 2000 also had a solid gain of near 1.9%.

The gains were help by the FDA’s full approval of the Pfizer Covid vaccination. The hope is that those who have remained unvaccinated will be encouraged to get vaccinated now, and also that businesses and local governments, etc. will start to force workers to get the approved Pfizer vaccination.
Highlights:
  • NASDAQ closed at a record high
  • the S&P and NASDAQ hit new all-time intraday record levels. The S&P could not stay above its previous record closing level.
  • Dow is up for the second straight day
  • NASDAQ and S&P client for the third straight day
the final numbers are showing:
  • Dow up 215 points or 0.61% at 35335.71
  • S&P index up 37.84 points or 0.85% at 4479.51
  • NASDAQ index up 228 points or 1.55% at 14942.65
  • Russell 2000 up 40.70 points or 1.88% at 2208.30
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