Archives of “US Market” category

rss

US indices close sharply higher. Dow has best day since July

  
Analysis, US Market
#  #  #  #  #  #  #  #  #  #

S&P index has all sectors in the green

The major US stock indices are closing sharply higher on hopes for targeted coronavirus aid

  • All 30 Dow stocks closed in the green
  • All 11 S&P sectors closed higher
  • Dow is up nearly 600 points at the highs
  • Stocks close higher to last 3 trading days
  • Dow closes at the highest level since September 2
  • Dow has best day since July
  • The gains today erased the losses (and then some) from yesterday. Yesterday the S&P fell -1.4%. The NASDAQ index fell -1.57% and the Dow industrial average fell by -1.34%.
The final numbers are showing:
  • S&P index rose 58.47 points or 1.74% at 3419.43. The high reached 3426.26. The low extended to 334.56
  • NASDAQ index closed up 209.99 points or 1.88% at 11364.59. The high reached 11380.55. The low reached 11258.35
  • Dow rose 530.7 points or 1.91% at 28303.46. The hi reached 28369.66. The low extended to 27971.36
Some winners include:
  • First Solar, +7.08%
  • Netflix, +5.71%
  • American Express, +4.35%
  • United Airlines, +4.30%
  • Corning, +4.25%
  • Beyond Meat, +4.0%
  • Salesforce, +3.89%
  • Western Digital, +3.56%
  • Slack, +3.53%
  • Boeing, +3.16%
The worst performing Dow stocks include:
  • Verizon, +0.2%
  • Walmart, +0.2%
  • Merck and Company, +0.51%
Other losers today included:
  • Exxon Mobil, -2.49%
  • GoodRx, -1.14%
  • Lyft, -0.49%
  • Papa John’s, -0.38%
  • Crowdstrike, -0.34%
  • Facebook, -0.27%
  • Raytheon, unchanged

Overnight : US stocks end sharply lower

  
Analysis, US Market

Trump bombshell has investors on edge

The US stocks are ending the session sharply lower, but having said that the declines today are less than the gains from yesterday.

A look at the closes shows.
  • S&P index down -47.66 points or -1.4% to 3360.97. Yesterday the index closed up 6.18 points
  • NASDAQ index fell -177.88 points or -1.57% to 11154.60. Yesterday the index rose by 257.46 points
  • Dow industrial average fell -375.80 points or -1.34% to 27772.76.  Yesterday the index rose by 465.77 points
Perhaps the market is a bit confused as to what the intentions of Pres. Trump is and whether he is using this is a plow to gain some competitive advantage in negotiations.  It is hard to figure out… What we know is that investors are on edge as they decipher the next chapter in this 2020 thriller.

Reminder – China is closed again today, markets there reopen on Friday (Asia time)

  
Analysis, US Market

A reminder only, China is out for the long Golden Week holiday

Will return on Friday October 9 local time
Until then there are no daily onshore yuan mid-rate settings.
The yuan has edged a little higher since Monday after its big gains of recent weeks, offshore yuan chart below:
A reminder only, China is out for the long Golden Week holiday 
Meanwhile, S&P futures have lost their earlier gains. AUD, GBP, EUR all just a touch off their highs against the USD now also. The Trump media event (leaving hospital) seems to have been the high point so far for the session.

Major US stock indices close near highs for the day

  
Analysis, US Market

NASDAQ index rises 2.25%

The major US stock indices surged higher as investors cheered the potential for a stimulus package. Mnuchin and Pelosi are said to be exchanging new ideas.

The stocks were also buoyed by a better-than-expected ISM services index for September which rose to 57.8 from 56.9 last month. The expectations were for a decline to 56.2.

Some highlights today included:
  • Indices higher for the 3rd day in 4 days
  • The stocks did rally after Trump says he was leaving the hospital
  • Dow on pace to close at the highest level since September 3
  • Russell index is leading with a gain of 2.78%
  • All 11 sectors of the S&P closed higher
  • NASDAQ had its best-performance in nearly one month
  • The best performing sector was energy. WTI crude oil Oil prices rose over 6.2%
The final numbers are showing:
  • S&P index up 60.18 points or 1.8% at 3408.62. The high price reached 3409.57. The low price extended to 3367.27
  • NASDAQ index up 257.46 points or 2.32% at 11332.48. The high price reached 11335.21. The low price extended to 11162.52
  • Dow industrial average rose 465.77 points or 1.68% at 28148.58. The high price reached 28162.64. The low price extended to 27825.42

Major indices close lower as the market digests Pres. Trump’s Covid diagnosis and no new stimulus deal

  
Analysis, US Market

Major indices still close higher for the week

The major US stock indices are closing the day lower as traders digest Pres. Trump’s Covid diagnosis and no new stimulus deal from the Dems and GOP.
Although the NASDAQ fell over 2% today, the index still closed higher for the 2nd week in a row. The S&P index and Dow industrial average also closed higher for the week. The Dow and S&P snapped a 4-week losing streak.  The stocks snapped a 2 day winning streak today. The Dow is down 434 points at the low.
The final numbers are showing:
  • S&P index fell -32.31 points or -0.96% to 3348.49. It’s high price reached 3369.10. It’s low price extended to 3323.69
  • NASDAQ index fell -251.49 points or -2.22% to 11075.03. It’s high price reached 11244.87. It’s low price extended to 11033.69
  • Dow industrial average fell -134.15 points or -0.48% to 27682.75. It’s high price reached 27861.43. It’s low price extended to 27382.94
For the week the Dow industrial led the way to the upside:
  • S&P index rose by 1.52%
  • NASDAQ index rose by 1.48%
  • Dow industrial average rose by 1.87%

US Indices close with their 5th positive close in the last 6 trading days

  
Analysis, US Market

Hopes for a stimulus package

The US major stock indices closed higher for the 5th day over the last 6 days. The NASDAQ led the way and is closing near the session highs. It is also at the highest level since September 3.
The Dow and S&P also closed higher but are nearer the midpoint of their trading ranges and with smaller gains.  Nevertheless those indices are up for the 2nd consecutive day.
The final numbers are showing:
  • The S&P index closed up 17.8 points or 0.53% at 3380.80. The high price reached 3397.18. The low price extended to 3361.39
  • The NASDAQ index is closing up 159.00 points or 1.42% at 11326.50. The high price reached 11344.13. The low extended to 11240.53
  • The Dow closed up 35.20 points or 0.13% at 27816.90.  The high price reached 28041.46. The low extended to 27669.26.
Some of the biggest winners today included:
  • Chewy, +7.55%
  • Netflix, +5.53%
  • Twitter, +4.94%
  • Tesla, +4.4%
  • Charles Schwab, +4.17%
  • Slack, +3.95%
  • CrowdStrike, +3.89%
  • Square, +3.73%
  • AMD, +3.54%
  • First Solar, +3.46%
  • Zoom, +2.76%
  • Beyond Meat, +2.72%
  • American Airlines, +2.36%
  • Amazon, +2.35%
  • micron, +2.07%
The bigger losers today include:
  • Goodrx, -9.59%
  • Schlumberger, -3.53%
  • Exxon Mobil, -3.51%
  • Snowflake, -3.14%
  • Albemarle, -2.85%
  • Morgan Stanley, -2.25%
  • Chevron, -2.22%
  • Alcoa, -2.06%
  • DuPont, -1.73%
  • Caterpillar, -1.68%
  • Merck, -1.56%
  • Rack Space, -1.45%
  • Emerson, -1.4%
  • AliBaba, -1.35%
  • Northrop Grumman, -1.22%
  • Goldman Sachs, -1.17%

Major US indices close higher but well off their highs for the day

  
Analysis, US Market

Month results are negative

The month of September is now over and the major indices closed lower for the 1st time since March. Moreover the stocks posted the worst September performance since 2011.
The good news is that the major indices close higher for the 2nd consecutive quarter and they also closed higher for the day (albeit well off the highs for the day.
So what were the final numbers for the day, month, quarter and year to date?
The major indices changes for the month shows:
  • The S&P index up 27.53 points or 0.83% at 3363.00
  • The NASDAQ closed up 82.26 points or 0.74% at 11167.50
  • The Dow closed up 329.04 points or 1.2% at 27781.70
The major indices changes for the month shows:
  • The S&P index fell -3.92%
  • The NASDAQ index fell -5.16%
  • The Dow fell -2.28%
The major indices changes for the quarter shows:
  • The S&P index rose 8.47%
  • THe NASDAQ index rose 11.02%
  • The Dow industrial average rose 7.63%
Finally for the year to date, the numbers are showing:
  • The S&P index is up 4.09%
  • The NASDAQ index is up 24.46%
  • The Dow is still down -2.65%.
Go to top