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S&P 500 set to start off April near record territory

  
Analysis, US Market

US stocks set for gains

S&P 500 futures are up 16 points after yesterday’s 14-point gain. In a sense, the gain will only wipe out the losses in the final minutes of trading yesterday — a drop that was due to quarter-end rebalancing.
Yesterday’s high was 3994, so it will take a 22-point gain to get there.
Meanwhile, tech is looking better with Nasdaq futures up 1%.

US Indices close mixed to end the 1st quarter

  
Analysis, US Market

Dow industrial average has the strongest gain in Q1

The US stocks are closing mixed to end the 1st quarter. The NASDAQ index outperforms. The Dow industrial average fell modestly.

  • For the quarter, the Dow industrial average had the best performance. The NASDAQ was the laggard.
  • The Dow industrial average found sellers at the quarter end and closes at session lows
  • The Dow and S&P have the best month since November.
  • Nasdaq posts the 5th straight monthly gain
  • Nasdaq had its best day in 3 weeks
The final numbers are showing:
  • S&P up 14.41 points or 0.36% at 3972.90
  • Nasdaq up 201.47 or 1.54% at 13246.87
  • Dow fell -85.41 points or -0.26% at 32981.55
For the month:
  • Dow rose 6.62%
  • S&P rose 4.24%
  • Nasdaq rose 0.41%
For the 1st Quarter:
  • Dow rose 7.76%
  • S&P rose 5.77%
  • Nasdaq rose 2.78%

The US Indices close lower on the day

  
Analysis, US Market

Nasdaq can’t hold late day gains into the close

The major US indices are closing lower on day. The Nasdaq was the only index, that moved into the black today. It was up as much as 0.12% at the highs, but gave up those gains into the close. The Nasdaq index did retrace a -137 point decline (-1.05% decline at the low).

Below are the breakdowns of the high,low, changes, etc. for the major North American indices (and volatility index).

Nasdaq can't hold late day gains into the close
Below is a summary of the % changes for the major global indices. The European shares all closed higher.
% changes of the major indices

Dow posts a record close. Nasdaq underperforms.

  
Analysis, US Market

Russell 2000 falls -2.8%

The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.
The final numbers are showing:
  • S&P index fell -3.35 points or -0.08% at 3971.19
  • Nasdaq fell -79.07 points or -0.60% at 13059.64
  • Dow rose 98.43 points or 0.3% at 33171.31
  • The small-cap Russell 2000 fell -62.8 points or -2.83% at 2158.50.
Below is a summary of him the % changes for the major global indices to start the trading week:
Global changes for equity
Yields rose with the yield curve steepening in the US today which has tended to weaken the high tech growth stocks.
  • 2 year rose 0.7 basis points to 0.140%
  • 10 year rose 3.3 basis points to 1.709%
  • 30 year rose 3.0 basis points to 2.408%
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