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Dow closes at a record

  
Analysis, US Market

S&P and Nasdaq (and Russell 2000) trade lower

The Dow close at a record level. The other indices made new intraday all-time highs but close lower on the day. A snapshot of the final numbers shows:
  • Dow industrial average, +63.36 points or 0.20% at 31521.76. The new all time high reached 31608.63
  • The S&P index closed down -2.26 points or -0.06% at 3932.57. The all time high price was reached today at 3950.43
  • The Nasdaq closed down 47.974 points or -0.34% at 14047.56. The new all time high price reached 14175.11 before backing off.
Leading the Dow today was:
  • Salesforce, +3.45%
  • Boeing, +2.92%
  • Bank of America, +2.67%
  • J.P. Morgan, +2.4%
  • Caterpillar, +2.23%.
Other gainers today were focused and financials and airlines:
  • PNC financial, +4.77%
  • Doordash, +4.76%
  • Charles Schwab, +4.74%
  • Corning, +4.66%
  • United Airlines, +4.02%
  • Wells Fargo, +3.76%
  • American Airlines, +3.18%
  • Delta airlines, +3.14%
  • Twitter, +2.88%
  • Zoom, +2.71%
  • Bank of America, +2.67%
  • J.P. Morgan, +2.4%
Losers today included:
  • Palantir, -12.75%
  • Corsair, -6.95%
  • Papa John’s, -6.04%
  • Black Knight, -6.02%
  • GameStop, -5.5%
  • Chewy, -3.31%
  • LivePerson, -3.11%
  • Gilead, -3.11%
  • Chipotle -2.96%
  • Tesla, -2.44%
  • AMD, -2.44%

Dow, S&P and NASDAQ close at record highs

  
Analysis, US Market

Russell 2000 index closes with the largest gain this week

The S&P and NASDAQ are closing the week at record highs after a late day rise to session highs.

  • Major averages close higher for the 2nd straight week
  • All 4 major averages close the session higher
  • the Russell 2000 did not close at a record but had the biggest gain this week
The final numbers are showing:
  • S&P index rose 18.6 points or 0.47% to 3934.96. The hi reached 3937.23. The low extended to 3905.78
  • Nasdaq rose 69.69 points or 0.5% to 14095.47. The high reached 14102.04. The low extended to 13937.71
  • Dow rose 27.83 points or 0.09% at 31458.53. The high reached 31475.31. The low extended to 31347.80
  • Russell index rose 4.04 points or 0.18% to 2289.36
For the week:
  • S&P index rose 1.24%
  • Dow industrial average rose 1.0%
  • NASDAQ index rose 1.73%
  • Russell 2000 index rose by 2.51%

Risk sentiment softens as the recent momentum loses more steam ahead of the weekend

  
Analysis, US Market

S&P 500 futures down 0.5% now

E-minis 12-02

Meanwhile, European equities are also keeping lower with the DAX down 0.6% and other indices are also trading thereabouts on the session currently.
The more tepid risk mood is putting a slight bid in the dollar with commodity currencies leading losses in European morning trade so far.
After a sluggish last few days, it looks like investors are more than happy to pare back on the recent momentum over the past week or so.
As mentioned earlier, the long weekend in the US sets the stage for potential profit taking and de-risking so perhaps we are getting early signs of that here in Europe already.

NASDAQ ends at a new all-time record close

  
Analysis, US Market

Dow industrial average and near unchanged. S&P has a modest gain

the major stock indices are ending the session with mixed results:

  • S&P index rose 6.48 points or 0.17% to 3716.35. The high reached 3925.99. The low extended to 3890.39
  • Nasdaq moved higher into the close and closed up 53.239 points or 0.3% at 14025.77. The high reached 14058.91. The low extended to 13916.84
  • Dow industrial average fell -7.5 points or -0.02% to 31430.30. The high reach 31543.82. The low extended to 31244.36
  • The Russell 2000 index rose 2.87 points or +0.13% to 2285.32.
Some winners today included:
  • Lam research, +7.46%
  • Western Digital, +5.89%
  • Micron, +5.02%
  • Rack space, +3.87%
  • Nvidia, +3.35%
  • Square, +3.27%
  • Intel, +3.06%
  • Intuit, +2.98%
  • MasterCard, +2.62%
  • Airbnb, +2.45%
  • Under armor, +2.45%
  • Visa, +2.25%
Disney reported after the close
  • revenues beat $16.25 billion vs. $15.93 billion
  • earnings-per-share also be with earnings of 0.32% vs. vs. $-0.41 estimate
  • Disney added 95 million total Disney+ new subscribers which was higher than the 90.7 billion estimate.
Disney shares are up 1.62% after the close to a new record high.

Dow the only positive story today. Closes at a record high

  
Analysis, US Market

S&P, NASDAQ, Russell 2000 all close lower on the day

Looking at the major stock indices, the Dow industrial average is the only one positive. It also closed at a record high level. Other highlights for the day included:

  • The S&P fell for the 2nd day in a row
  • The NASDAQ index snapped a 4 day win streak
  • The Russell 2000 of small-cap stocks was the weakest index.

Although lower, each of the major indices traded to record levels before rotating to the downside. At around 10 AM, there was a reported big seller in tech stocks which sent the indices to the lows for the day before bouncing and then falling again into the close.

A snapshot at the close shows:
  • S&P index fell -1.31 points or -0.031% to 3909.92. . The high price reached 3931.50. The low price extended to 3884.94
  • NASDAQ index fell -35.16 points or -0.25% to 13972.53. The high price reached 14109.11. The low extended to 13845.46
  • Dow industrial average closed higher by 62.57 points or 0.2% at 31,438.40. The high price reached 31511.44. The low price extended to 31221.32
  • Russell index fell -16.51 points or -0.72% at 2282.49
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