Archives of “US Market” category

rss

US stocks close near session lows. No new record close today

  
Analysis, US Market

Stocks lost steam into the close

The major indices are closing lower on the day and near session lows. The move lower is being led by the NASDAQ index which is down around -0.57%.
Apple today traded above a market capitalization of $2 trillion. That was the 1st stock to have a capitalization over 2 trillion. The level was at $467.77. The price close below that level and $462.83.
Other highlights today include:
  • The S&P and NASDAQ snapped a today winning streak.
  • The Dow industrial average fell for the 3rd consecutive day.
  • The S&P reached a new intraday record up at 3399.54.
The final numbers are showing:
  • S&P index fell -14.83 points or -0.44% to 3374.95
  • NASDAQ index fell -64.383 points or -0.57% to 11146.46
  • Dow industrial average fell -84.64 points or -0.30% to 27693.43

S&P and NASDAQ index close at new record highs

  
Analysis, US Market
#  #  #  #  #

Dow falls on the day

Both the S&P and NASDAQ index closed at record highs today. The gain in the S&P index from the March low has now risen over 54%. The Dow industrial average did not fare as well. It fell by -0.24% on the day. The NASDAQ index continued its surge and outperformed the other indices once again.

A look at the final numbers are showing:
  • S&P index rose 7.78 points or 0.23% at 3389.77. The close today surpassed the February 19 high close of 3386.15.  The index they also took out the high intraday level from February 19 that 3393.52. The new all-time intraday high price is 3395.06. The S&P index is now up 4.92% year-to-date
  • NASDAQ index also closed at a new record high. It moved up by 81.118 points or 0.73% to 11210.84. The intraday high price of 11230.61 is now the new all time high intraday level. The low price reached 11103.83. The NASDAQ index year-to-date is up 24.95 points
  • Dow industrial average fell -66.84 points or -0.24% to 27778.07. It’s high price reached 27891.12, while its low extended to 27668.79. The Dow industrial average is still down -2.66% on the year.
The flow funds in the US also did not benefit the small-cap Russell 2000. It fell by -1.02% on the day.
The European markets also did not do well today. Each of the major indices gave up gains and closed lower on the day led by the UK FTSE which fell by -0.83%.
US and European stock indices

NASDAQ closes at a record level

  
Analysis, US Market

S&P index falls short once again

The NASDAQ index closed at a record level at 11129.72. I was above the previous record at 11108.07.

The S&P index closed short of its record high at 3386.15.
The Dow industrial average has been down for 2 last 3 trading days
The final numbers are showing:
  • S&P index up 9.14 points or 0.27% at 3381.99. It’s high price reached 3387.59. It’s low price extended to 3379.22
  • NASDAQ index closed at 11129.72. That is up 110.42 points or 1.0%. It’s high price extended to 11144.52. It’s low price fell to 1108.30
  • The Dow industrial average salt more selling today. It close down -86.11 points or -0.31% at 27844.95
Financials were under pressure today. After the close on Friday it was officially disclosed that legendary investor Warren Buffett had rid himself of a lot of his is financial stock exposure in the 2nd quarter.
 Bank stocks
Buffett also showed an investment in Barrick Gold which helped to push up the price of spot gold. Spot gold was up near $40 on the day or 2.06%, while Barrick Gold rose by and oversized 11.63%. It must be good to be Buffett.
Go to top