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Broader indices close higher in the US stock market today

The Dow lags

The broader US indices (S&P and NASDAQ) are closing higher after recovering from earlier losses and fears from the coronavirus.  The Dow lagged with the indice down marginally.
The final numbers are showing:
  • S&P index +3.79 points or 0.11% at 3325.54. The hi reached 3326.88. The low extended to 3301.87
  • NASDAQ index rose 18.709 points or 0.20% at 9402.47. The high reached 9409.199. The low extended to 9334.129
  • Dow fell -26.18 points or -0.09% at 29160.09. The high reached 29190.47. The low extended to 28966.98

US stocks close mixed in a up and back down session

No new records today..

The US stocks close mixed in a up and down session. The NASDAQ closed higher. The S&P closed near unchanged and the Dow fell.
The final numbers are showing:
  • S&P index closed up 1.02 points or 0.03% at 3321.81. The high reached 3337.77. The low extended to 3320.04
  • Nasdaq index closed up 12.963 points or 0.14% at 9383.77. The high reached 9439.29. The low extended to 9375.129
  • The Dow industrial average fell -9.22 points or -0.03% at 29186.80. The high reached 29320.20. The low extended to 29172.26

Although there were intraday new highs for both the S&P and Nasdaq indices, the gains could not be maintained.

Not a lot of key earnings today, but tomorrow American Airlines, Southwest, Intuitive Surgical and Intel will all report earnings.

US equities close higher again with a strong finish to cap a great week

US equity performance on Friday

  • S&P 500 up 13 points to 3329 or +0.4%
  • DJIA +0.2%
  • Nasdaq +0.3%
On the week:
  • S&P 500 +1.9%
  • DJIA +1.8%
  • Nasdaq +2.3%
The gains have been non-stop in large caps but it hasn’t been quite the same party in small and mid-caps. I’ll be watching the Russell 2000 in the weeks ahead as it approaches resistance.
US equity performance on Friday

Overnight US Market : Major indices close at record levels and near intraday highs

NASDAQ index rises 1.06% as buying continues

The major US indices are closing at record levels and near session highs as well.
The final numbers are showing:
  • the S&P index up 27.61 points or 0.84% at 3316.89. The high reached 3317.11. The low extended to 3302.82
  • the NASDAQ index rose 98.438 points or 1.06% at 9357.13. The high was at 9357.92. The low extended to 9301.32
  • The Dow rose 267.35 points or 0.92% at 29297.53. The high reached 29243.00. The low extended to 29131.95

Happy days are here again and again and again.

Dow record close today. Closes above the 29,000 level.

S&P index and NASDAQ eked out a small gains but off highs

The down industrial average closed above the 29,000 level for the 1st time and close at a record high level. The S&P index also closed at a record level with a modest 6.21 point gain.
The final numbers are showing:
  • S&P index +6.21 points or 0.19% at 3289.36. The high price reached 3298.66. The low extended to 3280.69
  • NASDAQ index closed up 7.366 points or 0.08% at 9258.69. The hi reached 9298.824. The low extended to 9231.137
  • The Dow closed at 29030.83. That was up 91.16 points or 0.31%. The high reached 29127.59. The low extended to 28897.35.

US stocks stumble after hitting record highs

Closing changes for North American trade on January 10, 2020:

Closing changes for North American trade on January 10, 2020:
On the day:
  • S&P 500 down 9 points to 3265 after hitting 3282 (-0.3%)
  • DJIA down 133 points to 28823
  • Nasdaq down 24 points to 9178

On the week:

  • S&P 500 up 0.9%
  • DJIA up 0.7%
  • Nasdaq +1.75%

The turnaround today is a bit of warning signal. Note that January is a weak seasonal month but there is a long-term trend of strength early in the month. I also tend to think the signing of the ‘phase one’ deal is sell-the-fact risk.

US Market : Record close for the major indices

Dow toys with extending above 29,000, but stalls just short of the level today

The major US stock indices are closing once again at record highs.  The down industrial average toyed with the idea of breaking the 29,000 level. The index moved above the 28,000 level on November November 15. The high price today reached 29,988.01 before backing off.
The closing levels are showing:
  • S&P index up 21.66 points or 0.67% to 3274.71. That is just off the high price of 3275.58. The low reached 3263.67.
  • NASDAQ index rose 74.184 points or 0.81% to 9203.42. The high price reached 9215.95. The low extended to 9158.504
  • Dow rose 212.08 points or 0.74% to 28957.12. The high reached 28988.01. The low extended to 28844.31.
Some big winners today included:
  • Beyond Meat, +10.84%
  • Chewy, +2.97%
  • Bristol-Myers Squibb, +2.47%
  • AMD, +2.36%
  • Apple, +2.16%
  • Goldman Sachs, +2.05%
  • Starbucks, +1.82%
  • Coca-Cola, +1.79%
  • Alibaba, +1.79%
  • American express, +1.79%
  • Costco, +1.60%
  • Boeing, +1.52%
  • Home Depot, +1.51%
  • Microsoft, +1.22%
  • McDonald’s, +1.21%
Some losers today included:
  • under armor, -3.09%
  • Slack, -2.4%
  • Walgreens boots, -2.08%
  • Tesla, -2.08%
  • AT&T, -1.5%
  • Verizon, -1.47%
  • General Mills, -1.15%
  • Netflix, -1.05%
  • DuPont, -0.91%
  • Lam research -0.78%
  • Broadcom, -0.76%
  • Walt Disney, -0.47%
  • Cisco, -0.42%
  • micron, -0.35%
  • Caterpillar, -0.25%
  • Wells Fargo, -0.17%
  • Southwest Airlines, -0.13%

Day 1 of 2020 and record closes for the major indices, and at session highs too.

NASDAQ index leads the way with a gain over 1.33%

It is day one of 2020 and the major indices are all closing at record levels. The NASDAQ index is leading the way with a gain over 1%.
The final numbers are showing:
  • S&P index rose 27.21 points or 0.84% to 3257.98. The high price was at 3258.14. The low extended to 3235.53
  • NASDAQ index rose 119.58 points or 1.33% to 9092.18. The high reached 9093.43. The low extended to 9010.89
  • Dow industrial average rose 331.51 points or 1.16% to 28869.95. The high reached 28872.80. The low extended to 28627.77
It is only one day, but the markets are starting off with a flourish in 2020.  Apple reached $300.00 and is closing above the $300 level for the first time ever (closing at $300.35).   For the day Apple rose $6.70 or 2.28%.
Other big gainers among the big names include:
  • AMD, +7.06%
  • Tencent, +3.77%
  • Alibaba, +3.61%
  • Northrop Grumman rose 3.39%
  • micron, +3.03%
  • Tesla, +2.87%
  • Amazon rose 2.72%
  • Salesforce rose 2.69%
  • Disney rose to 2.43%
  • PayPal rose 2.39%
  • Apple rose 2.28%
  • Facebook rose 2.21%
  • Alphabet rose 2.19%

Laggards include:

  • General Mills, -2.67%
  • Target, -1.68%
  • Bristol-Myers Squibb, -1.23%
  • Procter & Gamble, -1.15%
  • Costco, -0.83%
  • Papa John’s, -0.46%
  • Coca-Cola, -0.63%
  • Wells Fargo, -0.04%

USTR calls out trade news speculation in latest statement

Specifically points the finger to the Wall St Journal ForexLive “Washington, DC –  Bob Davis and Lingling Wei at the Wall Street Journal, based on anonymous sources, have reported at least three times this week that the United States negotiators offered to cut by as much as one half the tariff rates on approximately $360 billion of Chinese imports in exchange for certain purchases.While we do not comment on the content of negotiations, we have said publicly and on the record that this is totally false, untrue and baseless.It did not happen. In addition and to be completely clear, we have personally, and on the record, told Mr. Davis and another Wall Street Journal reporter repeatedly that this is utterly false. No such offer was ever made to China by the United States. There is not a single knowledgeable American negotiator who would support this falsehood. Further, there is no Chinese negotiator who could honestly be this source.We will not speculate on why the Chinese or an American uninvolved with these negotiations would manipulate the story. This is another example of reporting on an  important alleged event based on secret sources, some of which may have obvious bias. The Wall Street Journal should make very clear that those actually involved for the United States have so clearly indicated that they are untrue, fabricated falsehoods. It should also expose possible biases of the anonymous source.” was the article in question that they are specifically referencing. To be fair to the WSJ, there will also never be any proof to substantiate the claims made by the USTR above.

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