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S&P and Dow close at record levels at year end

  
Analysis, US Market
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Nasdaq the big winner in 2020

The S&P and Dow are closing at record levels at the year end.
  • The Nasdaq led the charge in 2020 with a gain of 43.64% That was the largest gain since 2009
  • S&P was up 16.26%.  Since 2010 the S&P is up 240%
  • 57% of the gain in the S&P was from Microsoft, Amazon and Apple
  • The Dow is closing up 7.25% after spending most of the year in the negative. It wasn’t until the gap break higher on November 9th, that the index moved above and stayed above the closing level from 2019 at 28538.44. The Dow was down over -36% at the March low
The final numbers today are showing:
  • S&P index rose 24.03 points or +0.64% to 3756.07
  • NASDAQ index rose 18.279 points or 0.14% at 12888.28
  • Dow industrial average rose 196.92 points or 0.65% to 30606.48
Some of the big gainers for the year include:
  • Nio, +1112.94%
  • Tesla, +743.03%
  • Zoom, +395.71%
  • Crowdstrike, +324.74%
  • Square, +247.89%
  • Chewy, +209.97
  • Nvidia, +121.93%
  • Paypal, +116.51%
  • Albemarle, +101.97%
  • AMD, +99.98%
  • US steel, +88.93%
  • Slack, +88.03%
  • Apple, +80.75%
  • First Solar, +76.77%
  • Amazon, +76.26%
Some big losers for the year include:
  • United Airlines, -50.9%
  • Raytheon, -46.77%
  • Exxon Mobil, -46.03%
  • Schlumberger, -45.7%
  • American Airlines, -45.01%
  • Wells Fargo, -43.9%
  • Boeing, -34.29%
  • Walgreens, -32.36%
  • Delta Air Lines, -31.24%
  • Chevron, -29.92%
  • AT&T, -26.41%
  • Raytheon technologies, -24.12%
  • Citigroup, -22.82%
  • under armor, -22.42%
  • Boston Scientific -20.50%
  • Intel, -16.76%
  • General Dynamics, -15.61%
  • Southwest air, -13.65%
For the Dow 30, the biggest winners included:
  • Apple, +80.75%
  • Microsoft, +41.04%
  • Nike, +39.64%
  • Salesforce, +36.82%
  • Walt Disney, +25.27%
  • Home Depot, +21.63%
  • Walmart, +21.3%
  • Honeywell, +20.17%
The biggest losers from the Dow 30 include:
  • Boeing, -34.29%
  • Walgreens, -32.36%
  • Chevron, -29.92%
  • Intel, -16.76%
  • Bank of America, -13.94%
  • Merck, -10.06%
  • J.P. Morgan, -8.85%
  • Cisco, -6.69%

Disney boosts Dow into positive territory. The NASDAQ and S&P close lower

  
Analysis, US Market
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Major indices decline for the week

The shares of Disney rose by over 13% and boosted the Dow up by over hundred points alone. That was enough to lift the Dow to a near 50 point gain on the day. However, all the major indices had declines for the week with the S&P leading the way to the downside.

  • S&P posts 3 day losing streak
  • Dow industrial average closes higher for the 1st time in 3 days
  • Russell 2000 has its 6 straight weekly gain as money flows from high cap,to low cap stocks
the final numbers are showing:
  • S&P index fell -4.65 points or -0.13% to 3663.46
  • NASDAQ index fell -27.938 points or -0.23% to 12377.82
  • Dow industrial average rose 46.95 points or 0.16% to 30046.23
for the week:
  • S&P index fell -0.96%
  • NASDAQ index fell -0.69%
  • Dow industrial average fell -0.57%
  • The Russell 2000 gain 0.96% after falling -0.63% today
Some winners today included
  • Disney, +13.59%
  • Goodrx, +9.51%
  • chewy, +9.03%
  • Rackspace, +3.84%
  • Lockheed Martin, +1.78%
  • Microsoft, +1.32%
  • Emerson, +1.3%,
  • Honeywell, +1.25%
Some losers today included:
  • Qualcomm, -7.37%
  • Nio -7.19%
  • Doordash, -6.0%
  • Snowflake, -5.34%
  • American Airlines, -5.17%
  • Corsair, -4.65%
  • Corning, -4.15%
  • Airbnb, -3.93%
Although Doordash and Airbnb make the list of some of the big losers today, their IPOs this week were nothing short of spectacular.
Doordash was priced at $102 and is ending the week at $178.84, while Airbnb was priced at $68 a share and is closing at $139.03.
With all the IPOs being smash before the end of the year, Wall Street is reaping huge rewards. There is no recession there. Meanwhile, there is still no progress on Covid relief today.

US stocks close on the lows. Nasdaq hits correction territory

  
Analysis, US Market
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Nasdaq takes a dive

A few attempts to bounce intraday fell flat and stocks finished near the lows of the day. The S&P 500 fell  while the Nasdaq’s 4% drop extended the decline since last Wednesday’s record high above 10% — an unofficial correction.
The Nasdaq is now just 1.0% away from wiping out the entire August-Sept gain. Tesla shares fell 21% on the day, its worst ever one-day loss.
Nasdaq:
Nasdaq takes a dive
  • S&P 500 -95 points to 3331
  • Nasdaq -465 to 10847
  • DJIA -632 to 27,500

S&P and NASDAQ closed at record highs once again

  
Analysis, US Market
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S&P index and NASDAQ go out near highs as well

The S&P and NASDAQ index are closing at record highs once again. The broader indexes also traded to new all time high prices today.  The Dow industrial average close lower her by Apple and Boeing.

The final numbers are showing:
  • S&P index rose 12.37 points or 0.36% to 3443.65. That was just off the all-time high price of 3444.21
  • Nasdaq index closed up 86.755 points or 0.76% at 11466.47. It’s new all time high price reached 11468.25
  • Dow industrial average fell -60.02 points or -0.21%to 28248.44. It’s high reached 28400.74 .
Salesforce after the close is reporting better-than-expected earnings on the top and bottom line.  EPS came in at $1.44 vs. $0.66 estimates. Revenues come in at $5.15 billion vs. an estimate for $4.9 billion. There shares are up over 7% in after-hours trading.
Salesforce was 1 of the 3 stocks added to the Dow industrial average (along with Honeywell and Amgen).  The 3 stocks replace Exxon Mobil (down -3.38%), Pfizer (-1.11%) and Raytheon (-1.5%).
Intuit it is also posting better-than-expected earnings on the top and bottom lines. There shares are up 4.52% in after-hours trading.

Dow closes at the highest level since February 24, and just 2.6% from unchanged on the year

  
Analysis, US Market
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Dow and S&P are up for the 7 days in a row

The Dow industrial average led the way for stocks to the upside with a 1.3% gain.

  • The Dow index close at the highest level since February 24th and is just 2.6% from unchanged on the year.
  • Both the Dow and S&P have closed higher for 7 consecutive days.
  • The S&P index is the longest winning streak since April 2019.
  • The Dow’s winning streak is the longest since September 2019.
  • The S&P is less than 1% away from an all-time high close
  • The NASDAQ index closed lower on the day and is on a 2 day losing streak.
The final numbers are showing:
  • S&P index up 9.21 points or 0.27% at 3360.49. The high price reached 3363.29. The low price extended to 3335.44
  • NASDAQ index fell 42.67 points or -0.39% to 10968.35. The high was up at 11,040.25 while the low extended to 10,849.46
  • the Dow industrial average rose 357.96 points or 1.3% to 27791.44. The high price reached 27803.86. The low price extended to 27488.21.
The biggest winners in the Dow included:
  • Boeing, +5.52%
  • Caterpillar, +5.26%
  • Raytheon technologies, +4.87%
  • Nike, +3.48%
  • Chevron, +3.41%
Biggest losers in the Dow included:
  • Microsoft, -1.95%
  • Disney, -0.89%
  • J&J, -0.44%
  • McDonald’s, -0.22%
  • Coca-Cola, -0.17%
Other winners today included:
  • US steel, +11.67%
  • Wynn Resorts, +9.95%
  • United Airlines, +9.35%
  • FedEx, +8.89%
  • Delta Air Lines, +7.95%
  • Alcoa, +6.17%
  • Southwest Airlines +5.14%

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.

US MARKET : S&P on a 4 day winning streak. Dow on a 3 day streak

  
Analysis, US Market
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NASDAQ pushes higher and erases declines.

The major indices are closing higher on the day with the Dow industrial average leading the way today with a 0.62% gain. IT is the 3rd day in a row that the Dow has moved higher.
The S&P is on a 4 day winning streak. It closed up 0.58%.
The final numbers for the day are showing:
  • S&P index up 18.76 points or 0.58% at 3276.06
  • NASDAQ index up 25.765 points or 0.24% at 10706.12
  • Dpw up 165.33 points or 0.62% at 27005.73
Microsoft has reported better top line and bottom line numbers after the close. The revenues came in at $38.0 billion vs. estimate of $36.54 billion
The earnings-per-share came in at $1.46 vs. estimate of $1.37.
Microsoft shares are trading down 2.19% in early after close trading at $206.65. Shares closed at $211.75.

NASDAQ tumbles over 2% after reaching all time

  
Analysis, US Market
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California rolling back reopening and the outside the lower close pressure tech talks

The US stocks are ending the session with mixed/negative results. The Dow industrial average actually close marginally higher on the day. The S&P index and NASDAQ, however, reversed earlier gains and fell sharply. Contributing to the declines was the news that California was rolling back some of the reopenings

  • The S&P index fell -29.77 points or -0.93% at 3155.27. The S&P index turned briefly positive for the year above 3230.78% intraday with the high price reaching 3235.32. That is the 2nd time since February 25 that the price briefly extended above the close from 2019 only to fail in the same trading day. Bearish
  • NASDAQ index -226.59 points or -2.13% at 10390.84. The index had a outside day lower close, after trading to a new all time high of 10824.78. Bearish
  • The Dow industrial average close up 10.7 points or 0.04% 26086.00
All the major indices closed near the lows for the day, after giving up some hefty gains.
  • The S&P index was up 1.58% before closing down -0.94%
  • the NASDAQ index is up 1.95%, before reversing lower in closing down -2.13%
  • the Dow industrial average was up +2.13% before reversing and closing near unchanged at +0.04%.
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