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S&P and NASDAQ erase yesterday’s losses

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%

US major indices snatch defeat from the jaws of victory

Major indices move lower on the day after Moderna results questioned by the scientific community

The US stocks were trading near session highs heading into the last hour of trading
The S&P index was near 2964.21. The NASDAQ index was making new session highs at 9317.25. Then there was a report from STAT that questioned the results from the Moderna coronavirus test results.  Stocks moved lower, and the major indices snatched defeat from the jaws of victory.
Suddenly there is a look or feel as good as it used to.
A final look at the numbers are showing:
  • S&P index -30.97 points or -1.05% at 2922.94
  • NASDAQ index -49.72 points or -0.54% at 9185.10
  • Dow -390.51 points or -1.59% at 24206.84.

Some losers today included:

  • Wells Fargo, -5.67%
  • FedEx -3.75%
  • Boeing -3.63%
  • Charles Schwab -3.57%
  • Gilead -3.28%
  • Procter & Gamble, -3.25%
  • Chevron -3.24%
  • Bank of America -3.14%
  • Exxon Mobil, -3.11%
  • PNC financial -2.88%
  • Citigroup, -2.7%
  • Home Depot, -2.61%
Some winners today included:
  • Beyond meat, +4.62%
  • square, +3.39%
  • Southwest Airlines, +2.29%
  • Slack, +2.28%
  • Facebook, +1.76%
  • AMD, +1.5 and present
  • Adobe, +1.22%
  • Chipotle, +1.09%
  • AliBaba, +0.94%
Walmart which traded as high as 131.99 1 better earnings and revenue before the opening, is closing down at 124.87. That is down -2.19%.

Mixed results from the major indices

Dow down. S&P modestly higher. Nasdaq higher

The major indices are ending the day with mixed results
The Dow is ending lower. The S&P is near unchanged and the Nasdaq is up about 0.8% on the day
The final numbers are showing:
  • The Dow fell -109.33 points or -0.45% at 24221.94
  • The S&P rose 0.39 points or 0.01% at 2930.19
  • The Nasdaq rose 71.02 points or 0.78% at 9192.34
The European markets were mostly lower exception of the UK FTSE which eked out a is small 0.06% gain.
Dow down. S&P modestly higher. Nasdaq higher

S&P and Dow close at session lows

NASDAQ are on the day but off the session highs

the S&P index and Dow industrial average are both closing at/near session lows. The NASDAQ index remained higher on the day but well off its high levels.
The final numbers are showing
  • S&P index -20.02 points or -0.70% at 2848.42. The high percentage was 0.79%
  • NASDAQ index +45.266 points or +0.51% at 8854.38. The high percentage was 1.41%.
  • Dow industrial average -218.45 points or -0.91% at 23664.64.  The high percentage was up 0.72%.

US Indices take a Friday fall to finish the week slightly lower

On the day:
  • S&P 500 down 2.8%
  • DJIA -2.6%
  • Nasdaq -3.2%
  • TSX -1.0%
On the week:
  • S&P 500 down down 0.2%
  • DJIA -0.2%
  • Nasdaq -0.3%
  • TSX +1.4%

Here is a look at the weekly S&P 500 chart. That latest candle isn’t a pretty one:

A look at US and Canadian markets

Nasdaq leads the way to the upside today. All major indices fall for the week.

Dow posts a 3 day win streak. All 11 S&P sectors close higher

the major indices all closing higher for the day with the NASDAQ index leading the way to the upside. The Dow industrial average posted a gain for the 3rd day in a row. All 11 sectors of the S&P closed higher.

The final numbers are showing:
  • Dow, +260 points or 1.11% at 23775.27
  • S&P index +38.94 points or 1.39% at 2836.74
  • Nasdaq index +139.77 points or 1.65% at 8634.52
For the week, all 3 major indices closed lower with the NASDAQ outperforming relatively. The numbers for the week show:
  • Dow, -1.93%
  • S&P, -1.32%
  • Nasdaq close modestly lower at -0.18%.
For the week, some oversized winners included:
  • Beyond Meat +41.44% as meet distributors close operations due to coronavirus
  • Rite Aid +22.75%
  • Papa John’s, +10.52%
  • Lyft, +9.74%
  • DuPont, +9.23%
  • Chipotle, +8.23%
  • Twitter, +7.64%
  • Facebook, +6.05%
  • Schlumberger J, +5.3%
  • IBM +3.83%
  • Bristol-Myers Squibb, +2.71%
  • Box, +2.45%
  • Johnson & Johnson +1.81%
  • Home Depot, +1.35%
  • Pfizer, +1.33%
Big decliners for the week included:
  • Boeing, -16.24%
  • United Airlines -12.07%
  • Deutsche Bank, -9.02%
  • Delta Air Lines, -7.66%
  • Slack, -7.26%
  • General Dynamics, -6.5%
  • Southwest Airlines, -5.93%
  • Coca-Cola, -5.47%
  • Walt Disney, -5.16%
  • Gilead -5.16%
  • Citigroup, -5.15%
  • Wells Fargo, -5.11%
  • Lockheed Martin, -4.93%
  • American Express, -4.87%
  • Procter & Gamble, -4.8%
  • Bank of America, -4.73%
  • J.P. Morgan, -4.71%
  • Raytheon technologies, -4.06%
  • travelers, -4.05%

Broader indices fall over 3%. Dow down -2.67%

All S&P sectors close lower.

The broader stock indices fell over 3% with the Nasdaq leading the way to the downside. The Dow 30 index fell -2.67%
The final numbers are showing:
  • The S&P index fell -86.60 points or -3.07% at2736.60
  • The Nasdaq index fell -297/49 points or -3.48% at 8263.23
  • The Dow 30 stock index fel -631 points or -2.67% at 23018.88.
Netflix shares are higher after the close after subscriber numbers surged 15.8M vs est of 8.47M
The 1Q revenues came in at $5.77B vs $5.76B estimate.  EPS came in at $1.57. They see 2Q rising to $1.81.

US stocks move higher led by the Nasdaq index

Dow lags as Boeing slumps

The US stock indices closed higher on the day led by the Nasdaq index. The S&P  and Dow closed higher as well but the gains were well behind the tech heavy Nasdaq. For the Dow, the blame fall firmly on Boeing which alone fell over 7% on the day.
The final numbers are showing:
  • S&P index rose 16.19 points or 0.58% at 2799.55
  • Nasdaq index rose 139.18 points or 1.66% at 8532.36
  • Dow rose 33.33 points or 0.14% at 23537.68

NASDAQ index closes above its 50 and 200 day moving averages

NASDAQ up for the 4th day in a row

The NASDAQ index is the star performer today, rising for the 4th day in a row closing above its 50 day and 200 day moving averages. The close above the 200 day moving averages the 1st since March 6.  The other indices also had solid days today with the S&P and Dow closing at the highest level since March 10.

The final numbers are showing:
  • S&P index up 84.43 points or 3.06% at 2846.06
  • NASDAQ index up 323.31 points or 3.95% at 8515.74
  • Dow industrial average up 558.99 points or 2.39% at 23949.76
Some of the major gainers today included:
  • Tesla, +9.07%
  • AMD, +7.83%
  • United holdings, +6.72%
  • Adobe, +6.24%
  • Qualcomm, +5.75%
  • Delta Air Lines, +5.59%
  • Raytheon, +5.27%
  • Nvidia, +5.3%
  • Amazon, +5.28%
  • Apple, +5.04%
  • Microsoft, +4.95%
  • J&J, +4.39%

Major indices close higher led by the Dow and S&P

Dow and S&P rise by 3.4%

the major indices are closing higher with the Dow and S&P leading the way. Each rose by around 3.4%. The NASDAQ index lagged behind with a 2.6% gain.
A look at the close is showing:
  • S&P index, rose by 89.86 points or 3.38% to 2749.27.
  • NASDAQ index, rose by 203.64 points or 2.58% to 8090.90
  • Dow industrial average, rose by 772.57 points or 3.41% to 23426.43

Some of the leading stocks include:

  • Wynnresort, +13.39%
  • Square, +13.29%
  • Marriott, +11.87%
  • United Airlines, +12.3%
  • General Motors, +8.6%
  • Unitedhealth +8.10%
  • Raytheon, +8.96%
  • Twitter, +8.82%
  • FedEx, +8.13%
  • Citigroup, +7.27%
  • Ford Motor’s, +6.69%
  • Morgan Stanley, +6.58%
  • Exxon Mobil +6.35%
  • Goldman Sachs +6.47%
  • Chevron +6.34%
  • American Express, +5.14%
Some laggards today included;
  • Deutsche Bank, -1.58%
  • General Mills, -1.24%
  • Alibaba, -1.10%
  • ATT, -0.70%
  • Netflix, -0.33%
  • Disney, -0.23%
  • Walmart, -0.12%

 

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