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S&P/Dow closes at a record level. NASDAQ breaks two day slide

  
Analysis, US Market
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Russell 2000 moves lower

Dow and the S&P closed at record highs once again (3rd day in a row) after reaching new intraday record highs as well. The NASDAQ index broke a two day slide.
The final numbers are showing:
  • Dow up 14.74 points or 0.04% at 35499.61
  • S&P up 13.12 points or 0.29% at 4460.82
  • NASDAQ up 51.12 points or 0.35% at 14816.26
S&P posted to 47th record close for the year.
Dow closed at its it 33rd record close for the year.

S&P and Dow close (again) at new highs. Nasdaq recovers but still lower on the day

  
Analysis, US Market

Nasdaq lower for the 2nd consecutive day

The Dow and S&P closed at record levels for the second consecutive day. The NASDAQ closed lower for its second day of declines.
  • The Dow closed at a record for the 32 time this year
  • The S&P closed at a record level for the 46th time this year
  • The Dow closed near its highs for the day
The final numbers are showing:
  • Dow rose 220.23 points or 0.62% at 35484.90. That was just off the high of 35501.16.
  • S&P rose 11.02 points or 0.25% at 4447.77. The high for the day reached 4437.10
  • Nasdaq felt -22.95 points or -0.16% at 14765.13. The low percentage decline reached -0.65%.
  • Russell 2000 rose 10.98 points or 0.49% at 2250.34
Looking at the sectors:

  • Materials, rose 1.42%
  • Industrials, rose 1.3%
  • Financials, rose 1.17%
  • Utilities, rose 0.93%
The laggards today were:
  • Healthcare, -0.97%
  • Technology, +0.02%
  • Communication services, +0.03%
  • Discretionary, +0.13%

Dow and S&P close at record highs

  
Analysis, US Market

NASDAQ closes lower

The Dow and S&P both closed at record levels in trading today with the Dow industrial average leading the way with a 0.46% gain.  The S&P squeaked out a new high closing above the high close from August 6 at 4436.51. The close today came in at 4436.82. The NASDAQ index lagged today with a decline as traders are concerned about valuatiions given the prospects for higher rates earlier rather than later.
The final numbers are showing
  • Dow rose 162.82 points or 0.46% at 35264.68
  • S&P index rose 4.4 points or 0.10%  at 4436.74.
  • Nasdaq fell -72.95 points or -0.49% at 14788.08

US stocks close mixed. No records reached today.

  
Analysis, US Market

Dow and S&P snap 2 day win streak

The US stocks are closing mixed with no records set today.  Last week on Thursday, both the S&P and NASDAQ closed at record levels. On Friday, the Dow and S&P closed at record levels.  Today although the Nasdaq rebounded higher, it fell short of its record close.
  • The S&P and Dow both closed lower and with it, failed to close at a record high.
  • The NASDAQ closed higher for the fifth time in six trading days the Russell 2000
  • The Russell 2000 was the worst performer with a decline of -0.58%
Tthe final numbers are showing
  • Dow industrial average closed down -106.66 points or -0.30% at 35101.85
  • S&P index fell -3.82 points or -0.09% at 4432.70
  • NASDAQ index rose 24.4 points or 0.16% at 14860.20
  • Russell 2000 fell -12.96 points or -0.58% at 2234.81

Looking at some of the leading sectors:

  • Healthcare rose 0.38%
  • Consumer Staples rose 0.32%
  • Financials rose 0.31%
  • Communication services rose 0.03%
The leading declining sectors included:
  • energy, -1.5%
  • real estate, -0.41%
  • industrials, -0.40%
  • technology, -0.35%

S&P and Dow close at record highs. NASDAQ lags after strong jobs report.

  
Analysis, US Market

Yesterday the S&P and NASDAQ close record highs

The stronger-than-expected US jobs report Helped send the Dow 30 stocks higher in trading today. The S&P index was mixed but also close marginally higher. The NASDAQ index fell on the back of the potential for higher rates slowing down some of the high flyers.
Whereas yesterday, the S&P and NASDAQ closed at record levels. Today the Dow and S&P are closing at records. The Russell 2000 index also closed higher today.
A look at the final numbers shows:
  • Dow industrial average +144.39 points or 0.41% at 35208.64
  • S&P index up 7.44 points or 0.17% at 4436.54
  • NASDAQ index -59.35 points or -0.40% at 14835.76
  • Russell 2000 index rose 11.75 points or 0.53% at 2247.76
In some of the S&P sectors, the gains were led by:
  • Financials, +2.01%
  • Materials, +1.47%
  • Energy, +0.94%
  • Industrials, +0.41%
The losers today included:
  • Discretionary, -0.73%
  • Real estate, -0.25%
  • Technology, -0.12%
  • Healthcare, -0.10%
For the trading week, the major indices closed higher:
  • Dow, +0.69%
  • S&P index +0.84%
  • NASDAQ index +1.02%
  • Russell 2000+0.82%
For the year:
  • Dow is up 14.9%
  • S&P is up 18%
  • NASDAQ is up 15%
Some of the biggest winners today included:
  • Robinhood, +8.0%
  • Alcoa, +4.95%
  • Charles Schwab, +3.8%
  • Wells Fargo, +3.77%
  • Albemarle, +3.72%
  • Goldman Sachs, +3.52%
  • Bank of America, +2.9%
  • J.P. Morgan, +2.84%
  • Uber, +2.83%
Losers today included:
  • Novavax, -19.62%
  • Fireeye, -17.02%
  • Zoom, -3.4%
  • Nio, -3.82%
  • Roblox, -3.33%
  • Koss, -3.09%
  • Palantir, -3.09%
  • Chewy, -3.09%
  • Twitter, -2.73%
  • square -2.36%

Goldman Sachs jam its end of year S&P500 target 400 points higher

  
Analysis, US Market
Q2 earnings coming in far higher than expected 
  • exceeding expectations by historically wide margins
  • expect aggregate earnings per share for companies in the S&P 500 will be $207 this year, up from a previous forecast of $193
  • Further ahead, 2022 expecting aggregate EPS of $212, up from $202
 And, bond yields remain low 
  • “Lower interest rates than expected support a stable forward P/E multiple of 22x”
  • the GS forecast for 10-year Treasury yield by year-end is 1.6% (from 1.9% previously)

Major indices close mixed. Dow down. Nasdaq higher.

  
Analysis, US Market
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Dow moves down over -300 points. S&P down after record close yesterday

The major indices are closing mixed.
  • NASDAQ closes with a three day win streak
  • S&P closes lower after yesterday’s record close
  • Dow, S&P close near session lows
  • Dow was down -325 points at the low. Close just off that low level
  • Dow has its worst day in more than two weeks
  • Russell 2000 closes at session lows
  • communications +0.24%, technology +0.19% show gains
  • energy -2.9%,industrials -1.37%, consumer Staples -1.26%, materials -1.26% we the declines
The final numbers are showing
  • Dow industrial average -323.34 points or -0.92% at 34793.06
  • S&P index -20.46 points or -0.46% at 4402.69
  • NASDAQ index up 19.24 points or 0.13% at 14780.53
  • Russell 2000 fell -27.24 points or -1.23% at 2196.34
If you were an investor in RobinHood, you are saying, “what declines?”.
Those shares of the retail broker surged higher today and reached an intraday high of $85, before moving lower. The price still closed at $70.39, up $23.59 or 50.41% on the day.
Recall the shares went public on Thursday at $38 share and close the first day at $34.82.
Other big gainer today included:
  • Novavax, +18.68%
  • Zoom, +6.91%
  • AMD, +5.5%
  • Roblox, +5.39%
  • Snap, +4.82%
  • Tencent, +4.28%
  • Chewy, +3.94%
  • Crowdstrike, +3.87%
  • Nvidia, +2.33%
The biggest Dow gainer (there were only 2 of 30) were:
  • salesforce, +1.26%
  • Nike, +0.42%
Losers today included:
  • AMC, -11.18%
  • GM, -8.95%
  • Koss, -7.17%
  • Worthington industries -5.18%
  • Ford Motor, -4.99%
  • Bed Bath and Beyond, -4.67%
  • Schlumberger, -4.46%
  • Snowflake, -3.95%
  • Gamestop, -3.78%
  • Delta Air, -3.57%
  • Southwest Air, -3.46%
The biggest Dow losers were:
  • Amgen, -6.46%
  • Chevron, -2.26%
  • Dow, -1.99%
  • Walgreens, -1.98%
  • Caterpillar, -1.89%
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