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US Indices close sharply higher. NASDAQ prints a new all-time high

  
Analysis, US Market

Dow, S&P best week in 2 months

The major US stock indices closed sharply higher after the much better-than-expected employment report.
  • The gains propel the NASDAQ index to a new all time high.
  • The Dow is now on its longest winning streak since January (5 day win streak).
  • The S&P and Dow had their best week in 2 months.
  • The S&P is within 1.14% of the closing level from 2019.
  • The NASDAQ 100 index close at an all-time record high
The nasdaq index

A look at the final numbers are showing:

  • S&P index rose 81.58 points or 2.62% at 3193.93
  • NASDAQ index rose 198.26 points or 2.06% at 9814.08
  • Dow industrial average rose 829.16 points or 3.15% at 27110.98.
For the week, rotation into to Dow stocks was the storyline.
  • Dow rose by 6.81%
  • S&P rose by 4.91%
  • Nasdaq rose by 3.42%
For the year to date, the Nasdaq is up over 9%.  The other indices are still down on the year but the S&P is getting close to the unchanged level:
  • Nasdaq, +9.38%
  • S&P, -1.14%
  • Dow, -5.0%
Oversized winners today included:
  • US steel, +13.73%
  • Ford motor, +11.87%
  • Boeing, +11.46%
  • United Airlines +8.52%
  • Exxon Mobil, 8.21%
  • Daimler +7.28%
  • Raytheon technologies, +6.75%
  • Citigroup, +5.71%
  • Delta Air Lines, +5.43%

S&P and NASDAQ snap 4-day winning streak ahead of US jobs report today

  
Analysis, LINKS, US Market
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Dow industrial average ekes out a small gain

the S&P and NASDAQ index snapped a 4 day winning streak ahead of the US jobs report released tomorrow at 8:30 AM ET. The Dow industrial average up the trend by closing higher on the day but just barely.

The final numbers are showing:
  • S&P index, -10.52 points or -0.34% at 3112.35
  • NASDAQ index -67.098 points or 0.69% at 9615.81
  • Dow industrial average up 11.93 points or 0.05% at 26281.82.
Below are the percentage changes and high low percentages for the major indices in North America and Europe. European shares end the day modestly lower after the sharp gains over the first 3 days of the trading week.
Dow industrial average ekes out a small gain_

Major indices close higher. S&P on longest winning streak since February

  
Analysis, US Market

Dow rises for the 3rd straight day and leads the charge

The major indices are closing higher. The S&P index is on the longest winning streak since February (4 days). The NASDAQ 100 did trade above its all-time closing level but backed off into the close. The Dow industrial average is up for the 3rd straight day and led the charge with a 2.05% gain.

The final numbers for the day are showing:
  • S&P index +42.05 points or 1.36% at 3122.87. The high price reached 3130.94. The low price extended to 3098.90
  • NASDAQ index rose 74.535 points or 0.78% at 9682.91. The high price reached 9707.78. The low price extended to 9627.17
  • Dow industrial average rose 527.24 points or 2.05% at 26269.89. The high price reached 26337.75. The low price extended to 25906.88
Boeing led the charge today with a gain of 12.93%. Lagging in the Dow 30 was Home Depot with a -0.71% decline.  Traders are rotating out of the winners into the laggards.
The US stocks are closing higher.
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