US Market Archives - Page 47 of 155

Dow down for the fifth consecutive day

The major US indices are selling off into the close with the S&P and Dow industrial average near the lows for the day.

The Dow closed lower for the fifth consecutive day
S&P closes lower for the fourth straight day
Dow has its worst week in 2021
Dow has its worst day in more than five weeks
Technology index fell -0.93%
Consumer staples are down -1.67%

A snapshot of the closes shows

S&P index -55.45 points or -1.31% at 4166.38. The low price was at 4164.40. The hi was at 4204.78
NASDAQ index fell -130.97 points or -0.92% at 14030.38. It’s low price reached 14009.04. The hi was at 14129.25
Dow industrial average felt -531.92 points or -1.57% at 33291.53. It’s high price reached 33622.70. The low price extended to 33271.93
Russell 2000 index felt -49.74 points or -2.17% at 2237.72. It’s high price reached 2284.95. The low extended to 2229.58.

For the trading week, the major indices were lower led by the Dow which felt -3.45%

Dow industrial average -3.54%
S&P index -1.91%
NASDAQ index -0.28%

Stocks were pressure from the “get-go” as Fed’s Bullard gave a more hawkish assessment of the FOMC decision on Wednesday. As a result, in addition to stocks getting hit, the shorter end of the treasury curve saw yields rising. This week the five year yield rose 13.92 basis points, and the two year yield rose 10.72 basis point. Meanwhile the 30 year fell -12.19 basis points and the 10 yield was near unchanged.

Friday 18 June 2021 is ‘quadruple witching’ day

18-Jun-21 07:01 am

Anirudh Sethi

Witching hour is the final hour of trading on the 3rd Friday of each month as options and futures on stocks and stock indexes expire.

More specifically, expiry of:

stock index futures,
stock index options,
stock options
and single stock futures

Market folklore says the final hour of (US cash market) trading today, 3- 4 pm ET, will be more volatile than usual due to QWH!

Ummm, maybe, maybe not. So far its an excuse for the complete absence of FX volatility in Asia today … Then again the timezone here doesn’t often need much of an excuse. 🙁

Major indices close mixed with the Dow down, the S&P flat, and the NASDAQ higher

18-Jun-21 06:50 am

Anirudh Sethi

Russell 2000 fell

The major US indices are closing the day mixed. The Dow industrial average was the worst performer. The NASDAQ index was the best performer

Technology +1.17%
Healthcare +0.8%
communication services +1.49%
financials -2.93%
energy -3.49%
materials -2.2%

Highlights:

Dow closes down for the fourth straight day
Longest losing streak since January for the Dow
The Dow is on track for its worst week since late January
NASDAQ closes within striking distance of a record close but still below
The S&P snapped 82 days losing streak

There was a rotation out of cyclicals, financials and and more into technology. Funds moved out of interest rates as well after the run up yesterday. Crude oil, commodities, were also out of favor today after being more favored in 2021.

A look at the closing levels shows:

Dow industrial average felt -209.96 points or -0.62% at 33823.71
S&P index fell -1.76 points or -0.04% at 4221.94
NASDAQ index rose 121.67 points or 0.87% at 14161.35
Russell 2000 fell -27.23 points or -1.18% at 2287.46

US Indices close lower on FOMC decision but off the lows

17-Jun-21 05:30 am

Anirudh Sethi

Fed ups inflation expectations and said thinking about thinking about tapering

The US stocks are closing lower on FOMC decision, but well off the lows. The Fed up there expectations for inflation in 2021, but still see inflation rates moving back toward just over 2% in 2022. The US 10 yield is up about eight basis points to 1.579%. That is still off the high yield for the year 1.774%.

Dow posts a three-day losing streak
S&P NASDAQ low close lower for the second straight day
Dow S&P have worst day in a four weeks

The final numbers are showing:

S&P index is down -22.85 points or -0.54% at 4223.74. The low reached for 4202.45, down -1.05%
NASDAQ index closed down -33.18 points or -0.24% at 14039.68. The low reached 13903.73, down -1.33%
Dow fell -265.66 points or -0.77% at 34033.67. The low reached 33917.11, down 111% at the lows.
Russell 2000 fell -5.38 points or -0.23% at 2314.69. The low price reached 2296.21.

Modest changes in the European major indices today

16-Jun-21 09:56 pm

Anirudh Sethi

Mixed closes for the major European indices

The major European indices are closing mixed with modest changes. The snapshot of provisional closes shows:

German DAX, -0.1%
France’s CAC, +0.2%
UK’s FTSE 100, +0.3%
Spain’s Ibex, -0.2%
Italy’s FTSE MIB, +0.2%

In the European debt market, the benchmark 10 year yields are all down around -1 to -1.6 basis points.

Mixed closes for the major European indices_

In other markets as London/European traders look to exit:

Spot gold is trading down $0.56 or -0.03% at $1858.46.
Spot silver is up nine cents or 0.36% $27.76
WTI crude oil futures are up $0.77 or 1.07% at $72.89. The price reached a new cycle high of $72.99
Bitcon is trading down -$1158 or -2.9% at $38,797

in the US stock market, the major indices remain mixed:

S&P index -1.5 points or -0.04% of 4245.20
NASDAQ index +12.3 points or 0.09% at 14085.20
Dow -26.02 points or -0.07% at 34274.61

NASDAQ index leads the way to the downside in trading today

16-Jun-21 05:19 am

Anirudh Sethi

Nasdaq moved lower after reaching an all-time high closing level at the close yesterday

The major indices are moving lower today led by the Nasdaq one day after it reached an all time high close just yesterday.

Dow down for the second day in a row
S&P, NASDAQ on pace to snap three-day winning streak
S&P index reached a new intraday high before turning around and closing lower
NASDAQ having worst day in nearly 2 weeks
Dow set to close at lowest level since May 21
Energy sector set the close of 52 week high
NASDAQ 100 snaps seven day win streak

A look at the final numbers shows:

S&P index -8.33 points or -0.2% at 4246.82
NASDAQ -101.28 points or -0.71% at 14072.86
Dow -93.96 points or -0.27% at 34299.79

$FB Zuckerberg continues to dump shares every single day

15-Jun-21 05:42 am

Anirudh Sethi

The Nasdaq and S&P close at new record highs

15-Jun-21 05:18 am

Anirudh Sethi

NASDAQ up for the third day in a row. Dow closes well of low of

The major indices are closing mixed with the NASDAQ and S&P closing higher. The Nasdaq closed above the April 26th all time high close at 14138.79. The all time intraday high is at 14211.57. The S&P also closed at a new record high with the positive close.

The Dow industrial average is lagging. The S&P index is trading near unchanged. The indices did close off their session lows. The Dow industrial average was down -268.06 points at the low but closed down just -85 points.

A look at the final numbers shows:

S&P index rose 7.75 points or 0.18% at 4255.19. The low reached 4233.90. The high extended to 4255.40
NASDAQ index rose 104.72 points or 0.74% at 14174.14. The high reached 14175.45. The low extended to 14056.67
Dow industrial average felt -85.85 points or -0.25% at 34393.75. The high reached 34472.52. The low extended to 34211.54 is just falcon Christ

The Russell 2000 index up small-cap stocks fared the worst with a decline of -9.66 point or -0.41% at 2326.15.

Financials moved lower across the board despite higher rates. JP Morgan’s Dimon criticizes on company saying that “JP Morgan did not have imagination to do what Square did”. Square shares rose 5.34% on the day.