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S&P and Dow close higher for the 6th consecutive day

  
Analysis, US Market
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NASDAQ 7-day win streak broken today

The S&P squeaked out a higher close. The Dow industrial average also closed higher. The gains for the day extended the up streak to 6 consecutive days. The NASDAQ index streak of 7 consecutive higher closes was broken as it fell close to 1% on the day.

A look at the final numbers shows:
  • S&P index rose 2.12 points or 0.06% to 3351.532
  • NASDAQ index closed down 97.09 points or -0.87% to 11010.98
  • Dow industrial average closed up 47.74 points or 0.17% to 27434.72
The Dow had his best week since June 5.. The S&P index at its best week since July 2.
For the week the major indices close higher with the Dow leading the way with a 3.81% increase.
The change for the 1st week of August is showing:
  • S&P index, +2.45%
  • NASDAQ index, +2.47%
  • Dow industrial average +3.8%
Year-to-date, the Dow is within 3.87% of unchanged for the year.
  • S&P index is up +3.73%
  • NASDAQ index is up and oversized +22.72%
  • Dow industrial average is down -3.87%
Winners today included:
  • First Solar, +13.08%
  • FedEx, +6.57%
  • Marriott international, +3.77%
  • Wells Fargo, +3.47%
  • American Express, +3.46%
  • Travelers, +3.17%
  • Charles Schwab, +2.72%
  • PNC financial, +2.58%
  • General Dynamics, +2.57%
  • Bank of America +2.47%
  • Citigroup, +2.42%
  • Raytheon technologies, +2.29%
  • J.P. Morgan, +2.2%
  • Berkshire Hathaway, +2.11%. Berkshire Hathaway will announce their earnings tomorrow
Big decliners today included:
  • Tencent, -7.36%
  • Lyft, -6.65%
  • Uber, -5.21%
  • AliBaba, -5.08%
  • Slack, -3.76%
  • Zoom, -3.55%
  • Chewy, -3.23%
  • Adobe, -3.19%
  • Netflix, -2.77%
  • PayPal, -2.63%
  • Qualcomm, -2.53%
  • Tesla, -2.44%
  • Apple, -2.28%
European shares closed mixed led by the German DAX which rose by 0.66%. Spain’s Ibex fell by -0.11%.

NASDAQ closes at a record close for the 31st time in 2020

  
Analysis, US Market
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The NASDAQ Stock Market. Known as NASDAQ, is an American stock exchange. NASDAQ , #AFFILIATE, #American, #stock, #exchange, #NASDAQ, #Stock #adMajor indices close near session highs

The NASDAQ index is closing at a record high for the 31st time in 2020. The index moved above the 11,000 level for the 1st time ever, but is closing just below that milestone at 10,998.39.

  • The S&P index closes 2% from its all-time high and is up 4 sessions in a row
  • The Dow led the way with a 1.39% gain and also closed higher for the 4th consecutive day
A look at the final numbers shows:
  • S&P index up 21.21 points or 0.64% at 3327.72. The high price reached 3330.77. The low price extended to 3317.37
  • NASDAQ index closed up 57.23 points or 0.52% at 10998.39. It’s high price reached 11002.11. The low price extended to 10943.72
  • The Dow industrial average surged by 372.84 points or 1.39% to 27201.32. The high price reached 27221.67. The low price extended to 26924.78
Disney was the big winner today after they pivoted movie strategy by announcing they would release the movie Mulan on their Disney+ channel on September 4 at a one-time price of $30 to subscribers.

Major indices close higher. The NASDAQ closes at a new record high again

  
Analysis, US Market
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Late day rally takes the indices to new session highs

the major indices rallied into the close and as a result are closing near/at their highs for the day. The Dow industrial average led the way today with a 0.62% gain. The S&P index and NASDAQ index each closed up around 0.35%.

  • The NASDAQ closed at yet another new record high and have been up for 5 consecutive days. For the year the NASDAQ is up 21.8%
  • The S&P closes lesson 3% from the all-time high
  • The S&P index and Dow industrial average have now been up for 3 consecutive days
The final numbers are showing:
  • S&P index rose 11.9 points or 0.36% at 3306.51. The close was just off the session highs at 3306.84. The low reached 3286.37
  • NASDAQ index rose 38.37 points or 0.35% at 10941.16. The high price reached 10941.90. The low extended to 10852.89
  • Dow industrial average rose 164.07 points or 0.62% at 26828.42. It’s high price reached 26832.72. The low price extended to 26597.82
Although there is no coronavirus deal, just before the close Senate Majority Leader Mitch McConnell said he could support an extension of the US$600 unemployment benefit it Trump supports it.
After the close Disney reported adjusted earnings-per-share of $0.08 vs. expectations of $-0.64. The revenues however came in light at $11.78 billion vs. expectations of $12.39 billion. Disney plus subscribers told 57.5 million vs. expectations of 59.4 million. Disney shares initially move lower but are now trading up 2.46% $120.18.

NASDAQ close is at a new record

  
Analysis, US Market

Major indices get off to a good start for the month of August

The US stock indices are all closing higher with the NASDAQ leading the way to the upside.  The NASDAQ is on a 4 day winning streak. The S&P and Dow have been up for 2 consecutive days. The S&P 500 is closing less than 3% from the all-time high.

The final numbers are showing;
  • S&P index rose 23.49 points or 0.72% to 3294.61
  • NASDAQ index rose 157.52 points or 1.47% to 10902.79
  • Dow industrial average rose 236.08 points or 0.89% to 26664.40.

Major indices close higher and at session highs. NASDAQ leads the way with Apple, Facebook, Amazon outperforming

  
Analysis, US Market
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Dow, S&P, NASDAQ close higher for the 4th consecutive month

the month of July is over and all the major indices closed higher for the 4th consecutive month. The S&P index had its second-best July performance since 2010. Apple, Amazon, Facebook all of the way after their earnings release last night. Apple rose up 10.47%. Facebook rose 8.18% and Amazon rose by 3.7%.  Alphabet was left out despite posting better earnings. Their stock fell by -3.28%.

On the downside the Dow post its 2nd straight weekly decline.
The final numbers are showing:
  • S&P index up 24.9 points or 0.77% at 3271.12
  • NASDAQ index up 157.46 points or 1.49% at 10745.23
  • Dow industrial average up 114.67 points or 0.44% at 26428.33
For the week, the NASDAQ led the way. The Dow industrial average could not make it to the unchanged level falling by -0.16%:
  • S&P index rose by 1.73%
  • NASDAQ rose by 3.69%, and as mentioned
  • Dow fell by -0.16%
For the month, the market initially tried to rotate out of the NASDAQ stocks and into the industrial/broader market, but the run up in tech stocks today and this week push the NASDAQ back into the lead:
  • S&P index rose by 5.51%.  As mentioned it was the 2nd largest July increase since 2010
  • NASDAQ index rose by 6.82%
  • Dow rose by 2.3%
For the year to date, the Nasdaq index continues to outperform, but the S&P index has moved back into the black (it dipped into the red earlier this week). The Dow remains lower on the year.
  • S&P index up 1.25%
  • Nasdaq up 19.76%
  • Dow down -7.39%

US major indices close session mixed

  
Analysis, US Market
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S&P and Dow and the lower. NASDAQ index close higher ahead of key earnings

The major indices close mixed ahead of the key earnings from Apple, Amazon, alphabet and Facebook

The final numbers are showing:
  • S&P index fell -12.22 points or -0.3% to 3246.22
  • NASDAQ index rose +44.87 points or 0.43% to 10,587.81
  • Dow industrial average fell -225.92 points or -0.5% to 26,313.65
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