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US stocks close the month with strong gains

The major stock indices are ending with solid gains for the day:

  • Dow industrial average rose 315.50 points or 0.97% at 32845.14
  • S&P index rose 57.86 points or 1.42% at 4130.28
  • NASDAQ index rose 228.10 points or 1.8% at 12390.70. That’s a largest increase cents April 2020
  • Russell 2000 rose 12.20 points or 0.65% at 1885.23

For the trading month the average had their best month of the year:

  • Dow industrial average rose 6.73%
  • S&P index rose 9.12% which was the best month since November 2020
  • NASDAQ index rose 12.35%.

For the trading week.

  • Dow industrial average rose by 2.97%
  • S&P index rose 4.26%
  • NASDAQ index rose 4.7%

Some pretty good numbers for the day, week and month for the major indices. Moreover, the gains were made despite a 75 basis point hike and the earnings calendar.

NASDAQ has its best day in over 2 years. Powell eases markets fears.

The major US stock indices have closed sharply higher:

  • Dow industrial average rose 434.44 points or 1.37% at 32196
  • S&P index rose 102.27 points or 2.61% at 4023.31
  • NASDAQ index rose 469.86 points or 4.06% at 12032.43
  • Russell 2000 rose 43.08 points or 2.39% at 1848.33

All major sectors of the S&P moved higher:

  • tech rose 4.29%
  • communication services rose 5.10%
  • consumer discretionary rose 3.85%
  • energy rose 2.21%

The weakest component was utilities which rose 0.10%. Healthcare rose 0.64% in consumer staples rose 0.7%

The NASDAQ index at its best year in over 2 years

Major indices close near session highs

The major US stock indices  closed sharply higher and near session highs. The major indices for the week still closed lower, but cut into those declines with the sharp gains today. Retail sales came in better-than-expected which helped. Industrial production was lower and Michigan consumer sentiment came in a little better than expectations and showed a lower inflation expectations for one and 5 years which was a relief to market traders.

All 11 sectors of the S&P index closed higher led by financials which rose 3.51%. Healthcare rose by 2.44% and communication services rose 2.14%.

The laggards in the S&P were utilities which rose 0.21%, consumer staples which rose 0.4%, and industrials which rose 1.58%.

The final numbers are showing:

  • Dow industrial average rose 655.85 points or 2.14% at 31286.101
  • S&P index rose 72.51 points or 1.91% at 3862.80
  • NASDAQ index rose 201.25 points or 1.79% 11452.43
  • Russell 2000 rose 36.86 points or 2.16% at 1744.37

For the trading week:

  • Dow industrial average fell -0.17%
  • S&P index fell -0.99%
  • NASDAQ index fell -1.56%

US major indices close the day with mixed results

A look at the final numbers shows:

  • Dow industrial average fell -46.4 points or -0.15% at 31338.16
  • S&P index fell -3.26 points or -0.08% at 3899.37
  • NASDAQ index rose 13.97 points or 0.12% at 11635.32
  • Russell 2000 fell -0.23 points or -0.01% at 1769.36

For the trading week all the indices were higher led by the NASDAQ index:

  • Dow industrial average rose 0.77%
  • S&P index rose 1.94%
  • NASDAQ rose 4.56%
  • Russell 2000 rose to 2.22%

Looking at the Dow 30 this week, the gains were led by:

  • Nike, up 6.67%
  • Apple up 5.84%
  • Intel up 4.54%
  • Salesforce up 4.34%
  • Microsoft up 3.11%

The Dow losers this week included:

  • Walgreens, -2.62%
  • Chevron -2.55%
  • Verizon -2.23%
  • Coca-Cola -1.93%
  • Travelers -1.27%

Some big gainers this week included:

  • Beyond Meat, +24.51%
  • Rivian, +24.47%
  • Celcius, +18.94%
  • Chewy, +18.66%
  • Roblox, +17.79%
  • Moderna, +17.53%

Some big losers this week included:

  • Raytheon, -17.17%
  • Phillip Morris -5.5%
  • Schlumberger, -3.73%
  • Twitter, -3.71%
  • Lockheed Martin -3.04%
  • Wynn resorts -2.96%
  • Chevron -2.55%