Tesla’s impact on the S&P 500 valuation.
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rssNASDAQ and S&P close at record highs
S&P post 31st record close of the year
US major indices all closed higher. Some of the highlights for the day include:
- S&P, NASDAQ, Russell 2000 close at record highs
- NASDAQ on track for the best year since 2009
- Russell 2000 on pace for the 7th straight weekly gain
- S&P higher for the 3rd straight day
- NASDAQ higher for the 4th consecutive day
- S&P post 31st record close of the year
The final numbers are showing:
- S&P index rose 21.31 points or 0.58% to 3722.48
- NASDAQ index rose 106.55 points or 0.84% to 12764.74
- Dow rose 148.83 points or 0.49% to 30303.32
Some of the oversize winners today included
- Rite Aid, +17.71%
- GoodRX, +7.47%
- Airbnb, +6.53%
- Chewy, +6.37%
- Corsair, +6.19%
- Tesla, +5.33%
- Palantir, +4.94%
- Nio, +3.03%
- Intuit, +3.01%
- Crowdstrike, +2.98%
- Ross Stores, +2.83%
- Alcoa, +2.78%
- J&J, +2.69%
some losers today included:
- Worthington industries, -3.67%
- Doordash, -2.44%
- AT&T, -2.25%
- Boeing, -2.07%
- Nucor, -1.79%
- Lam research, -1.45%
- Snowflake, -1.51%
- General Dynamics, -1.16%
- US steel, -1.01%
- Micron, -1.0%
- Alphabet, -0.96%
- Intel, -0.92%
- J.P. Morgan, -0.85%
- FireEye, -0.76%
- Exxon Mobil, -0.7%
Mixed ending for the major US indices today
Dow lags. S&P up marginally. Nasdaq closes at record highs
The major US indices are ending the session with mixed results. The Dow was the laggard and declined. The S&P is closing more or less near unchanged. The NASDAQ index is closing higher. In fact the NASDAQ close at a record high today.
The final numbers are showing:
- S&P index up 6.55 points or 0.18% to 3701.17. The high price reached 3711.27. The low price extended to 3688.57
- Nasdaq index rose 63.128 points or 0.5% to 12658.18. The high price reached 12687.32. The low extended to 12566.38
- Dow fell 44.77 points or -0.15% to 30154.54. The high price reached 30236.03. The low price extended to 30080.11
Some winners today included:
- Airbnb, +10.62%
- Corsair, +6.4%
- Chipotle, +4.14%
- Paypal, +3.89%
- US steel, +3.35%
- Chewy, +3.34%
- Box, +3.17%
- Square, +3.17%
- Exxon Mobil, +2.94%
- FireEye, +2.84%
- Crowdstrike, +2.78%
- Nio, +2.69%
- Alibaba, +2.66%
- Intuit, +2.5%
- Microsoft, +2.38%
Some losers today included:
- Rite Aid, -6.71%
- United Airlines, -3.10%
- Alcoa, -2.66%
- Pfizer, -2.25%
- Walgreens, -2.15%
- Corning, -2.08%
- Palantir, -1.97%
- Delta Air Lines, -1.84%
- Honeywell, -1.83%
- General Electric -1.71%
- Tesla, -1.68%
- Boeing, -1.63%
- Southwest air, -1.49%
- GoodRX, -1.46%
- Emerson, -1.42%
S&P as overbought as December 2009.
Expansion (contraction) of multiples in the S&P 500.
Overnight : Mixed results in the US stock market today
Nasdaq up but S&P and Dow lower
The US stocks are ending the day with mixed results. The Nasdaq is higher. The S&P and Dow is lower. The small cap Russell 2000 rose too.
The final numbers are showing:
- S&P fell -16.13 points or -0.44% at 3647.33
- Nasdaq rose 62.167 points or 0.5% at 12440.03
- Dow fell -186.33 points or -0.62% at 29860.04
The Dow was up 279 points at the high point today and traded to a new intraday high before rotating and closing near the session low. A total of 6 of the Dow 30 stocks close higher on the day. Dow laggards included:
- Disney, -3.68%
- Chevron, -3.29%
- J&J, -2.59%
- Merck and Co, -2.42%
- American Express, -2.42%
Other losers today included some of the highflying IPOs in 2020 (in bold below):
- Doordash, -8.81%
- Snowflake, -7.02%
- Airbnb, 6.72%
- Alcoa, -4.73%
- US steel, -4.67%
- Pfizer, -4.64%
- United Airlines, -3.39%
- AliBaba ADR, -3.11%
- Chewy, -2.66%
- Delta Air Lines -2.52%
Some winners today included:
- Corsair, +7.91%
- GoodRX, +5.32%
- Tesla, +4.89%
- Netflix, +3.82%
- AMD, +3.39%
- Corning, +3.25%
- Box, +3.05%
- PayPal holdings, +3.03%
- Nvidia, +2.33%
- Adobe, +2.24%
- McDonald’s, +2.02% 6
Disney boosts Dow into positive territory. The NASDAQ and S&P close lower
Major indices decline for the week
The shares of Disney rose by over 13% and boosted the Dow up by over hundred points alone. That was enough to lift the Dow to a near 50 point gain on the day. However, all the major indices had declines for the week with the S&P leading the way to the downside.
- S&P posts 3 day losing streak
- Dow industrial average closes higher for the 1st time in 3 days
- Russell 2000 has its 6 straight weekly gain as money flows from high cap,to low cap stocks
the final numbers are showing:
- S&P index fell -4.65 points or -0.13% to 3663.46
- NASDAQ index fell -27.938 points or -0.23% to 12377.82
- Dow industrial average rose 46.95 points or 0.16% to 30046.23
for the week:
- S&P index fell -0.96%
- NASDAQ index fell -0.69%
- Dow industrial average fell -0.57%
- The Russell 2000 gain 0.96% after falling -0.63% today
Some winners today included
- Disney, +13.59%
- Goodrx, +9.51%
- chewy, +9.03%
- Rackspace, +3.84%
- Lockheed Martin, +1.78%
- Microsoft, +1.32%
- Emerson, +1.3%,
- Honeywell, +1.25%
Some losers today included:
- Qualcomm, -7.37%
- Nio -7.19%
- Doordash, -6.0%
- Snowflake, -5.34%
- American Airlines, -5.17%
- Corsair, -4.65%
- Corning, -4.15%
- Airbnb, -3.93%
Although Doordash and Airbnb make the list of some of the big losers today, their IPOs this week were nothing short of spectacular.
Doordash was priced at $102 and is ending the week at $178.84, while Airbnb was priced at $68 a share and is closing at $139.03.
With all the IPOs being smash before the end of the year, Wall Street is reaping huge rewards. There is no recession there. Meanwhile, there is still no progress on Covid relief today.
US stocks end the session with mixed results. NASDAQ rebounds
S&P and Dow industrial average fall
The US stocks end the session with mixed results. The NASDAQ index rebounded a portion of its sharp -1.94% decline from yesterday. The S&P index in the down industrial average each closed lower for the 2nd consecutive day.
- The S&P and Dow are on pace for the 1st weekly loss in 3 weeks
- Each of the indices are pace for a weekly loss
- NASDAQ on pace for its 1st weekly loss in 4 weeks.
The final numbers are showing:
- S&P index fell -4.72 points or -0.13% to 3668.10
- Nasdaq is closing up 66.85 points or 0.54% to 12405.80
- Dow fell -69.55 points or -0.23% to 29999.26 (just below the 30K level).
The big story for the day is the 2nd consecutive monster IPO. Today Airbnb was priced at $60 a share and open that $146 a share. It is closing $144.11 after trading to a intraday session high of $165 a share. The gain from the IPO price is 111.93%.
Other winners today included:
- Twitter, +8.41%
- Crowdstrike +8.35%
- Alcoa, +5.72%
- Square, +4.93%
- American Airlines, +4.78%
- Exxon Mobil, +4.10%
- Tesla, +3.79%
- United Airlines, +3.37%
- chewy, +3.29%
- Zoom, +3.27%
- Chevron, +3.23%
- Nio, +2.86%
- Citigroup, +2.61%
- Southwest Airlines +2.25%
Some losers today included:
- General Motors, -3.51%
- Ford -3.49%
- AT&T -2.45%
- Corsair, -2.68%
- General Dynamics, -2.41%
- Deutsche Bank -1.96%
- Doordash, -1.8%
- CVS -1.8%
- Northrop Grumman, -1.73%
- Lockheed Martin, -1.64%
- Broadcom, -1.61%
- Verizon -1.55%
- DuPont, -1.51%
- FedEx, -1.5%
- IBM, -1.44%
- Adobe, -1.4%
- United health -1.3%
- Corning -1.33%
NASDAQ has its worst day since October 30
The S&P has its worst day in 3 weeks
The major indices all fell today with the NASDAQ snapping a 4 day winning streak and having its worst day since October 30. The S&P index at its worst day in 3 weeks. The major indices all fell for the 2nd time in 3 trading days.
On the positive side, the NASDAQ and S&P index close at record levels yesterday. The Dow industrial average reached an all-time high in trading today at 30319.70. The S&P index and the NASDAQ index also reached all time trading highs before rotating lower.
The final numbers are showing:
- S&P index fell 29.44 points or -0.80% at 3672.81. The new all time high reached 3712.39. The low price reached 3660.54.
- NASDAQ index fell -243.82 points or -1.94% to 12338.95. The high price reached 12607.14 (a new intraday all time high). The low price extended to 12290.780
- Dow fell -105.07 points or -0.35% to 30068.83. The high price reached 30319.70. The low extended to 29951.85
Facebook shares fell all closed off low levels after the FTC announced they were suing the company for monopolistic practices.
Doordash IPO was priced at $102 per share of from $75 last week and opened for trading at $182. The high price reached $195.45. The trading low came in at $163.80. The prices settled at $190 up 86.27% from the IPO price.
Other winners on the day included:
- Rite Aid, +7.61%
- Rocket, up 4.16%
- General Electric, +3.83%
- Phillip Morris, +2.38%
- Lyft, +2.13%
- AT&T, +2.08%
- Ford motors, +2.05%
- Goldman Sachs, +1.67%
- 3M, +1.66%
- Uber, +1.45%
- PNC financial, +1.39%
- Home Depot, +1.28%
- Citigroup, +0.99%
- IBM, +0.05%
- Caterpillar, +0.74%
- Morgan Stanley, +0.72%
Losers on the day included:
- FireEye, -13.02%. The cybersecurity firm was hacked by a nation state
- Tesla, -7.01%
- Palantir, -6.9%
- Crowdstrike Holdings, -6.41% (downgraded by JPM for valuation reasons)
- Zoom, -6.39% (also downgraded by JPM)
- Nio, -5.52%
- Snowflake, -4.83%
- Chewy, -4.41%
- Corsair, -4.39%
- First Solar, -3.98%
- Netflix, -3.63%
- Rackspace, -3.39%
- salesforce, -3.23%
TSLA market cap versus S&P 500 energy sector market cap
