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Major US indices close near session highs

  
Analysis, US Market
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Dow industrial average rising by over 1%. Posts 2 day win streak

the US major indices are closing near session highs. The Dow industrial average led the index is charged with a 1.05% gain. S&P and NASDAQ posts the 6th gain in 7 trading days. The NASDAQ index is closing lesson 3% from the record high set in February.

The final numbers are showing:
  • S&P index up 25.09 points or 0.82% at 3080.82. The high price reached 3081.07. The low price extended to 3051.64
  • NASDAQ index rose 56.326 points or 0.59% at 9608.37. The high price reached 9611.22. The low price extended to 9472.08
  • Dow industrial average rose by 267.63 points or 1.05% at 25742.65. The high price reached 25743.13. The low extended to 25523.74.
Some winners today included:
  • Chewy, +9.6%
  • Square Inc., +6.3%
  • Qualcomm, +6.2%
  • Alcoa, +4.53%
  • General Electric, +4.29%
  • Alibaba, +3.79%
  • FedEx +3.42%
  • Slack, +3.2%
  • Citigroup, +2.79%
  • Broadcom, +2.76%
  • Southwest Airline, +2.56%
  • American Express, +2.36%
Some losers today included:
  • LYFT, -2.85%
  • Wynn Resorts, -2.73%
  • Beyond Meat, -2.61%
  • Gilead, -2.53%
  • Tesla, -1.87%
  • Amgen, -1.43%
  • Raytheon technologies, -1.28%
  • Northrop Grumman, -1.16%
  • Intuit, -1.03%
  • Booking.com -1.0%
  • Starbucks, -0.69%
  • Costco, -0.39%

Broad indices squeeze higher as sanctions on China are less than feared

  
Analysis, US Market
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Dow has best performance in 7 weeks. Second straight week of gains for the major indices

The major US stocks and see some squeeze higher into the close as sanctions on China are less than feared.  The NASDAQ led the way with a gain of 1.29%. The Dow ended lower as investors shifted back to the technology growth stocks.
The final numbers are showing
  • S&P index up 14.58 points or 0.48% at 3044.31
  • NASDAQ index rose by 120.88 points or 1.29% at 9489.87
  • Dow industrial average fell by 17.53 points or -0.07% to 25383.13.
In Europe today the story was different with most the indices closing near their session lows.
Dow has best performance in 7 weeks. Second straight week of gains for the major indices_For the trading week, the Dow industrial average led the way with a 3.71% gain in the US. The NASDAQ index lagged as earlier in the week the flow funds were into the more beaten down industrial stocks. Nevertheless the NASDAQ gained by 2.21%. The S&P index rose by 3.25%.
In Europe, the France’s CAC rose by 5.64% and the Spain’s Ibex nearly rose 6%. The UK FTSE was the under performer with a 1.02% gain.

US stock markets reverse course late to close lower

  
Analysis, US Market

Disappointing close

Disappointing close
It had been a one-way trade in US stocks from yesterday’s low but equities quickly changed course after President Trump said he will make an announcement about China in a press conference tomorrow.
Clearly the market is concerned that it’s some kind of escalation beyond some minor sanctions around Hong Kong. I’m not so sure that’s realistic but you always have to expect the unexpected with Trump. Watch out for leaks ahead of his announcement.
Closing changes:
  • S&P 500 -6 points to 3029 or -0.2%
  • DJIA -0.6%
  • Nasdaq -0.5%

Major indices end mixed. 2nd weekly gain in 3 weeks for the major indices

  
Analysis, US Market

Major indices close near session highs

The major indices are closing near the session highs for the day. The final numbers are showing
  • S&P index +6.94 points or 0.24% at 2955.45. The hi for the day reached 2956.76. The low extended to 2933.59
  • Nasdaq closed up 39.705 points or 0.43% at 9324.58. The high for the day reached 9328.28. The low was down at 9239.41
  • Dow fell -8.96 points or -0.04% to 24465.18. The high reached 24481.64. The low extended to 24294.07
Also of note:
  • Dow best weekly gain in 6 weeks
  • NASDAQ closes less than 5% from all time highs
  • S&P index closes less than 12% from all time highs
  • Dow closes 16% from the record high
For the trading week:
  • S&P index rose 3.2%
  • NASDAQ index rose 3.44%
  • Dow rose by 3.29%
For 2020,
  • NASDAQ index leads the way with a 3.92% gain
  • S&P index is still down by -8.52% (and is -12% from the all-time high)
  • Dow is lower by -14.27% (and is -16% from the all-time high)

US Indices end the day with declines. Fall for the 2nd time in 3 days

  
Analysis, US Market

But yesterday they were up 4 of the last 5

The US stocks are ending the day with that declines across the board. The stock falls are the 2nd time in 3 days (of course yesterday the stocks were up 4 of the 5 days).
The final numbers are showing:
  • S&P index -23.10 points or -0.78% at 2948.51
  • NASDAQ index -90.893 points or -0.97% and 9284.88
  • Dow industrial average -101.78 points or -0.41% at 24474.12
Some of the winners today included
  • Boeing, +4.25%
  • Raytheon technologies, +3.96%
  • Travelers, +3.74%
  • United Airlines, +3.365%
  • Ford Motor’s, +2.74%
  • Northrop Grumman, +2.44%
  • Delta Air Lines, +1.98%
  • Chewy, +1.94%
  • Lockheed Martin, +1.74%
  • Southwest Airlines +1.54%
  • Tesla, +1.49%
Some losers today included:
  • Qualcomm, -3.27%
  • Stryker, -3.15%
  • AMD, -3.09%
  • micron, -3.07%
  • Tencent, -2.65%
  • Netflix, -2.57%
  • Nvidia, -2.17%
  • Deutsche Bank, -2.0%
  • Amazon, -1.98%

S&P and NASDAQ erase yesterday’s losses

  
Analysis, US Market
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The last 4 of 5 days have been to the upside for the major indices

The major indices are closing with solid gains on the day.  The NASDAQ index closed at the highest level since February 21. Facebook and Amazon closed at record high levels.   The S&P index is closing higher but after trading above its 100 day moving average at 2975.37, the pair has rotated lower and will close below its 100 day moving average at 2971.61.  So that is a bit of a disappointment
The final numbers are showing:
  • The S&P rose 48.67 points or 1.67% to 2971.61. The high reached 2980.29. The low extended to 2953.63.
  • The NASDAQ index rose by 190.67 points or 2.08% to 9375.77. The high price extended to 9392.816. The low price fell 29304.199
  • The Dow industrial average rose by 369.04 points or 1.52% to 24575.90. The high price extended to 24649.48. The low fell to 24455.94
some big gainers today included:
  • Twitter, +7.83%
  • Alcoa, +7.88%
  • Deutsche Bank, +6.23%
  • Facebook, +6.04%
  • Wynn Resorts +5.88%
  • Slack, plus a 5.7%
  • Southwest air, +5.27%
  • United Airlines, +5.24%
  • Disney, +4.86%
  • Intel, +4.69%
  • Morgan Stanley, +4.4%
losers today included:
  • Lockheed Martin, -2.46%
  • Northrop Grumman, -1.94%
  • Chewy, -1.62%
  • J&J, -0.9%
  • Merck and Company, -0.86%
  • United health, -0.42%
  • Verizon, -0.22%
  • Pfizer, -0.13%
  • Home Depot, -0.03%
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