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NASDAQ/S&P close at record highs

  
Analysis, US Market

All 3 major indices reach intraday all-time highs

The NASDAQ and S&P are each closing at record highs. All 3 major indices (NASDAQ, S&P, Dow) traded intraday to record highs. The Dow however, could not close at a record high.  PS the Russell 2000 closed at a record level as well.

The final numbers are showing
  • S&P index rose 10.24 points or 0.28% to 3702.20. The high price reached 3708.45. The low price extended to 3678.83
  • NASDAQ index rose 62.827 points or 0.5% to 12582.73. The high price reached 12594.53. The low price extended to 12453.20..
  • Dow industrial average rose 104.75 points or 0.35% to 30174.54. The high price reached 30246.22. The low price extended to 29972.07
Some of the big winners today included:
  • Rite Aid, +11.71%
  • US Steel, +11.51%
  • Rackspace, +9.64%
  • Chewy, +5.82%
  • Papa Murphy, +4.08%
  • AT&T, +3.95%
  • Crowdstrike Holdings, +3.94%
  • Pfizer, +3.15%
  • Nio ADR, +3.24%
  • Emerson, +2.78%
  • Beyond Meat, +2.77%
  • Exxon Mobil, +2.56%
  • American Airlines, +2.44%
Losers today included:
  • Booking, -2.05%
  • Nvidia, -1.89%
  • Whirlpool, -1.8%
  • Corsair, -1.65%
  • Uber technologies, -1.49%
  • Wells Fargo, -1.36%
  • Palantir, -1.35%
  • Southwest air, -1.27%
  • AMD, -1.22%
  • Walgreens, -1.06%
  • Twitter, -0.94%

Dow closes lower for the 1st time in 5 days. NASDAQ record close

  
Analysis, US Market

S&P moves lower and snaps 2 day win streak

The US stock market is ending the session with mixed results. While the NASDAQ index closed at yet another record high. The Dow industrial average snapped a 4 day win streak. The S&P close lower.

A snapshot of the major indices shows:
  • S&P index fell 7.16 points or -0.19% to 3691.96. The high reached 3697.41. The low extended to 3678.88. The high today fell short of the all-time intraday high reached on Friday at 3699.20
  • NASDAQ index rose 55.713 points or 0.45% to 12519.94.  It was a record close for the index. The high reached 12536.22.  That was a new all time intraday high price.
  • The Dow industrial average fell 148.47 points or -0.49% to 30069.79. It’s high reached 30233.03. The low extended to 29967.22.  The high today was a new all-time intraday high
Some winners today included:
  • Palantir, up 21.59%
  • US steel, +11.92%
  • Tesla, +7.16%
  • Corsair, +5.47%
  • American Airlines, +4.88%
  • Nio ADR, +4.77%
  • Rite Aid, +3.91%
  • Netflix, +3.51%
  • Whirlpool, +2.62%
  • Boeing, +2.26%
  • Pfizer, +2.23%
  • Broadcom, +2.19%
  • Square, +2.11%
Losers today included:
  • Intel, -3.40%
  • Goodrx, -3.03%
  • Rackspace, -2.92%
  • Chevron, -2.69%
  • Walgreen boots, -2.28%
  • Intuitive Surgical -2.06%
  • Northrop Grumman, -2.04%
  • Beyond Meat, -2.01%
  • Marriott, -1.98%
  • Chubb, -1.98%
  • IBM, -1.95%
  • Uber, -1.93%
  • General Dynamics, -1.92%
  • Caterpillar, -1.89%

US major indices close at record highs led by the S&P index

  
Analysis, US Market

Major indices close near highs

All 3 major indices close at record highs today.

  • The Dow and S&P close higher for the 2nd consecutive week
  • The NASDAQ close higher for the 3rd consecutive week
  • The S&P index outperformed the Dow and Nasdaq although all closed near session highs.
The final numbers are showing:
  • S&P index rose 32.4 points or 0.88% to 3699.12
  • NASDAQ index rose 87.05 points or 0.7% to 12,464.23
  • Dow rose 248.74 points or 0.83% to 30,218.26
For the week, the
  • NASDAQ index led the way with a 2.12% gain.
  • The S&P rose by 1.67% and
  • The Dow industrial average rose by 1.03%.
Energy, banks and technology led the charge this week. Energy was up around 4% while banks and technology increased by 3%.
Looking at the major global indices, the UK FTSE 100 led the winners with a 2.87% gain. Italy’s FTSE MIB and the German DAX were the laggards for the week. The FTSE MIB fell by -0.70% while the German DAX fell by -0.28%.
Major indices close near highs_

Paul Tudor Jones – there will be an economic “supersonic boom” next year

  
Analysis, US Market

PJT spoke with Yahoo, is looking for a US economic boom in Q2 and Q3 of 2021 on emergence from the coronavirus disaster.

  • an “absolute, supersonic boom” in the economy
  • coronavirus vaccine will release pent-up demand in the US
  • “The vaccine is going to bring us back. We’re going to have an incredible growth rebound”

On the stock market:

  • fiscal & monetary policies are pushing stock valuations
  • “stock market’s on a combination of fiscal monetary pulse that we’ve never seen before in history, nothing like this”
Via an interview at YouTube, link here
PJT spoke with Yahoo, is looking for a US economic boom in Q2 and Q3 of 2021 on emergence from the coronavirus disaster. 

Record close for the S&P. NASDAQ lags.

  
Analysis, US Market

Down industrial average rising modestly

The S&P index is closing at yet another record.  The index rose by only a modest 6.54 points or 0.18%, but it was still good enough for a another record close for the index.

The final numbers are showing:
  • S&P index rose 6.54 points or 0.18% to 3668.99. The low reached 3644.84. The high extended to 3670.96
  • Nasdaq index fell -5.739 points or -0.5% to 12349.36. The high reached 12360.05. The low extended to 12217.35
  • Dow rose 60.86 points or 0.20% to 29884.78. The high reached 29902.51. The low extended to 29599.29
The biggest winners in the Dow 30 was Boeing with a 5.07% gain. Walgreens rose by 3.61% and Walt Disney increased by 2.78%. The biggest loser was Salesforce which fell -8.56%. McDonald’s fell -2.43% despite re-offering the McRib sandwich. Home Depot fell 1.5%.
Other winners today included:
  • Lyft, +9.67%
  • Uber, +6.95%
  • Rite Aid, +5.74%
  • Nio ADR, +5.71%
  • American Express, +4.10%
  • Pfizer after the announcement in UK that they approved the Pfizer vaccine for Covid 19, +3.53%
  • Citigroup, +3.1%
  • United Airlines holdings, +3.09%
  • micron, +3.10%
  • Wells Fargo, +2.82%
  • Delta Air Lines, +2.8%
  • Walt Disney, +2.78%
Losers today included:
  • Corsair, -14.07%
  • Palantir, -12.43%
  • Box, -8.79%
  • Chewy, -5.43%
  • Whirlpool, -5.19%
  • Snowflake, -4.23%. In after-hours trading snowflake is trading down -7.75% after earnings to $271. The shares closed at $292.70
  • Crowdstrike holdings, -3.84%
  • Tesla, -2.74%
  • Slack, -2.62%
  • Black Knight, -2.31%
  • Chipotle, -1.84%
  • PayPal, -1.8%

Major indices close higher but come off highs in the last hour or so of trading

  
Analysis, US Market
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S&P and NASDAQ index is still close at record highs

The major indices close higher but come off the highs and last hour so trading. Nevertheless both the NASDAQ and S&P closed at record high levels. The NASDAQ closed at record highs for the 46th time this year.

A snapshot of the close shows:
  • S&P index up 40.81 points or 1.13% at 3662.44.  The new all time high price comes in at 3678.45
  • the NASDAQ index close up 156.36 points or 1.28% at 12355.10. The new all-time intraday high price reached 12405.70
  • the Dow industrial average rose 185.28 points or 29823.92. The high price did extend back above the 30,000 level to a high price of 30083.31

Dow had its best month since 1987 but closed lower today. Record highs and record closes for the major indices in November

  
Analysis, US Market

ajor indices lower on the day.

The US major indices close lower in last trading day of the month, but that did not subtract from the month’s solid performance:

  • the Dow industrial average had its best monthly performance since January 1987
  • the S&P 500 and NASDAQ had their best months since April
  • the S&P, NASDAQ, and Dow industrial average all closed at all time high prices this month (the NASDAQ and S&P closed at all-time highs on Friday)
  • today the NASDAQ snapped it’s a 4 day winning streak
  • The Dow reached the 30,000 milestone before backing off the last few days of the month
A look at the market at the close shows:
  • The S&P fell -16.72 points or -0.46% to 3621.67
  • The NASDAQ index fell -7.109 points or -0.06% to 12198.73
  • The Dow fell -271.73 points or -0.91% to 29638.64.
For the month of November:
  • The S&P rose 10.76%
  • The Nasdaq rose 11.8%
  • The Dow rose 11.84%.
For the year (with one month to go), the NASDAQ still leads the charge by a lot:
  • The S&P index is up 12.1%
  • The Nasdaq is up 35.96%
  • The Dow is up 3.86%.
The new all time high prices for the major indices are at:
  • NASDAQ index, 12244.64 reached today. The new all time high close is 12205.85
  • S&P index all-time high price is 3645.99.. The new all time high close is 3638.35
  • Dow industrial average all time high price is now 30116.51. The new all time high close is 30046.24
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