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US Stocks fall on coronavirus concerns. NASDAQ snaps the longest winning streak of 2020

NASDAQ winning streak of 8 days higher comes to an end

Major US indices end sharply lower.

  • The 2nd next snaps 8 day
  • winning streak all 11 sectors of the S&P close lower
  • major averages have worst day in nearly 2 weeks
  • All 30 Dow stocks declined with Walmart performing the best at -0.59%, and Boeing the worst that -5.93%
A snapshot of the final numbers for the day show:
  • S&P index -80.96 points or -2.59% at 3050.33
  • NASDAQ index minus 222.20 points or -2.19% at 9909.16
  • Dow industrial average -710.16 points or -2.72% at 25445.94
Some of the worst performers on the day include:
  • Schlumberger, -8.69%
  • United airlines, -8.32%
  • Delta Air Lines, -7.73%
  • Southwest Airlines, -7.11%
  • Slack, -6.11%
  • Boeing, -5.93%
  • Charles Schwab, -5.8%
  • intuitive surgical, -5.67%
  • Stryker, -5.56%
  • Exxon Mobil, -4.67%
  • Raytheon technologies, -4.4%
  • General Dynamics, -4.23%
  • Chevron, -4.14%
  • American Express, -3.92%
  • Bank of America, -3.87%
  • Walt Disney, -3.84%
a few the winners today included:
  • Chewy, +1.64%
  • Gilead, +1.27%
  • zoom, +1.1%
  • Chipotle, +0.74%

US indices close higher in the day but near lows for the day

Dow up for the 2nd straight day. NASDAQ closes at a record level after reaching a all time intraday high

The major indices close higher on the day but are also near lows for the day after some late day selling.

  • Dow close higher for the 2nd straight day
  • NASDAQ close higher for the 8th consecutive day
  • NASDAQ closes at a record level
  • NASDAQ reaches a new all time high
The final numbers are showing:
  • S&P index up 13.43 points or 0.43% at 3131.29
  • NASDAQ index up 74.89 points or 0.74% at 10131.36
  • Dow industrial average up 131.14 points or 0.5% at 26156.10
Dow up for the 2nd straight day. NASDAQ closes at a record level after reaching a all time intraday high_

NASDAQ closes at a new all time record level

Now erases 203 point decline and close higher for the 1st time in 4 days

The major US stock indices are closing the day near highs for the day.

  • The NASDAQ closed at a record high surpassing the previous high of at 10020.35
  • The NASDAQ has closed at a record low for the 20th time in 2020
  • Apple closes at record high
  • Dow industrial average erased a 203 point decline
  • NASDAQ post longest win streak of 2020 (7 trading days)
  • NASDAQ is up around 12% on the year
  • Dow close higher for the 1st time 4 days
The final numbers are showing:
  • S&P index rose 20.45 points or 0.66% at 3118.19
  • NASDAQ index rose 110.35 points or 1.11% at 10056.42
  • Dow industrial average close up 150.81 points or 0.59% at 26024.23

US stocks reverse lower but still a solid week

Closing changes for the main US indexes:

Closing changes for the main US indexes:
  • S&P 500 down 17 points to 3098 (-0.6%)
  • DJIA down 207 points to 25872
  • Nasdaq up 3 points to 9946
The S&P 500 opened up 1% but a wave of cases in a number of US states along with other virus concerns crushed the market’s spirit. There was a late bounce to unchanged then an even-later slump into the close.
On the week:
  • S&P 500 +1.9%
  • DJIA +1.0%
  • Nasdaq +3.8%

Tech is a freight train.

Dow ends 526 points higher, extending win streak to three days

U.S. stocks closed higher Tuesday, but off the session’s best levels, after Federal Reserve Chairman Jerome Powell suggested more fiscal stimulus may be needed as the American economy may only make a slow recovery from the COVID-19 pandemic.

Rising coronavirus cases in several U.S. states are also are concern for investors, even though retail sales and industrial production data show the economy is slowly recovering, and progress on the development of potential therapeutic drugs has been reported.

How did benchmarks fare?

The Dow Jones Industrial Average DJIA, +2.04% rose 526.82 points, or 2%, to end at 26,289.98. The S&P 500 index SPX, +1.89% added 58.15 points to close at 3,124.74, a gain of 1.9%. The Nasdaq Composite Index COMP, +1.74% advanced 169.84 points, or 1.8%, to end at 9,895.84.

All three benchmarks extended their win streak to three straight sessions, but finished below their best levels of the day.

US Indices storm back to finish higher after early dip

Closing changes for the main US markets:

  • S&P 500 up 25 points to 3066 (+0.83%)
  • DJIA +157 to 25763
  • Nasdaq +137 to 9726
The opening ticks were the low of the day. The buying accelerated after the Fed announced the start of corporate bond buying and the survived a late effort to sell.
Here’s the intraday look at the S&P 500:
Closing changes for the main US markets:

Intraday, the S&P 500 low-to-high rally was an impressive 112 points but it fell 8 points shy of Friday’s high of 3088. That will be a level to watch tomorrow.