European shares close mostly lower but off lows for the day

German DAX, -0.16%, France’s CAC, -0.36%

The major European indices are now close for the day and indices are closing lower but well off the lows for the day. The provisional closes are showing:

  • German DAX, -0.16%. It was as low as -1.26%
  • France’s CAC, -0.36%. It was as low as -1.25%
  • UKs FTSE 100, -1.25%. It was as low as -1.69%
  • Spain’s Ibex, -0.16%. It was as low as -1.47%
  • Italy’s FTSE MIB bucked the trend and rose by 0.19% That is up from a low of -1.10%.
In debt market, the benchmark 10 year yields are mostly lower with the exception of the UK. The ranges and changes are currently showing:
The European 10 year yields are mostly lowerIn other markets:
  • Spot gold is trading up $10.07 or 0.64% $1576.09
  • WTI crude oil is up $0.27 or 0.53% of $51.45
in the US equity market, the earlier declines in stocks have been mostly raised in the broad indices at least. The Dow is still negative:
  • S&P index is down -1.5 points or -0.5% at 3378. The hi reached 3380.36
  • NASDAQ index is unchanged at 9725.40. The high reached 9732.87.
  • Dow is down 78 points or -0.27% at 29471.4.
In the US debt market, yields are off lows but still remain modestly lower on the day.
US yields are still lower but off the lowest levels
The ranking of the major currencies shows the GBP is the strongest and the NZD is the weakest.

More Powell testimony: Will see virus impact in data fairly soon

More from chair Powell’s testimony in the Senate

  • we will see virus-infected data fairly soon
  • affects could be important in China
  • supply chains is an important issue.
  • Financial markets can also transmit a reaction to virus

Fed Powell concludes his testimony at 11:24 AM ET.

Overall, the comments were in line with yesterday’s testimony and really didn’t shed any new light that we don’t already know. Coronavirus major concern but it’s too early to tell. The Fed is in continue repo operations the 2nd quarter. The economy is in a good place.
US stocks have been waffling back and forth but moving back higher. The S&P index is just off the day’s high level as is the NASDAQ index. The Dow industrial average is a little further off the intraday record high levels

The NASDAQ and S&P close at record levels

Give up most of gains. Dow ends unchanged

The NASDAQ and S&P index are closing at record levels. That is the good news. The bad news is the major indices are closing well off the highs for the day.
The final numbers are showing:
  • The S&P index is closing up 5.68 points or 0.17% at 3357.77. The high reached 3375.63. The low extended to 3352.72
  • The the NASDAQ index is closing up 10.552 points or 0.11% at 9638.94. The high reached 9714.738. The low extended to 9617.211
  • The Dow fell -0.48 points to 29276.34. The high reached 29415.39. The low extended to 29210.47.
At the highs, the S&P index was up 0.70%, the NASDAQ index was up 0.90% and the Dow industrial average was up 0.47%.

S&P and NASDAQ closed at record levels. Major indices go out near highs

NASDAQ index rises by 1.13%

The NASDAQ juggernaut has continued with the index rising by 107.87 points or 1.13% on the day. For the year the index is now up over 7%.
Both the NASDAQ and the S&P closed at record levels today. The Dow industrial average is still short of its all-time record.
The final numbers are showing:
  • S&P index +24.38 points or 0.73% at 3352.09. The high price reached 3352.26. The low extended to 3317.77.
  • NASDAQ index +107.87 points or 1.13% at 9628.39. The high price reached at 9628.66. The low extended to 9493.62.
  • Dow industrial average +174.31 points or 0.60% at 29276.82. The high price reached 29215.00. The low extended to 28850.00

Some of the big winners on the day included:

  • Slack, +15.44%.
  • Lyft, +7.41%
  • AMD, +5.09%
  • Nvidia, +4.51%
  • Chipotle, +3.09%
  • Tesla, +3.06%
  • Amazon, +2.63%
  • Microsoft, +2.59%
  • Boeing, +2.35%
  • Alphabet, +2.00%
  • Cisco, +1.90%
  • General Motors, +1.84%
  • Tencent, +1.8%
  • Square, +1.7%
  • Visa, +1.64%
  • Home Depot, +1.39%
Some of the underperformers during today’s trading day include:
  • Twitter, -2.89%
  • Exxon Mobil, -2.47%
  • DuPont, -1.48%
  • Charles Schwab, -1.14%
  • Walmart, -1.03%
  • Deutsche Bank, -0.96%
  • United health, -0.76%
  • Pfizer, -0.63%
  • Emerson, -0.52%
  • AliBaba, -0.38%

US Indices add to their gains. Nasdaq/S&P close at record levels

S&P just misses making a new all time intraday high today (short by $0.19)

The US stocks are closing up for the 3rd day in a row.
The NASDAQ index is closing at a session high and reached an intraday all-time high of 9574.936.
The S&P index reached a high price of 3337.58. That was just short of the all-time high price of 3337.77. So it was just short of that level. However, it is closing at an all-time record high taking out the previous high from January 17 at 3329.62.
The Dow is still below its all-time high, but it was the biggest mover today.
The levels at the close are showing:
  • S&P index +37.13 points or 1.13% at 3334.71
  • Nasdaq index +40.71 points or 0.43% at 9508.68
  • Dow up 483.09 points or 1.68% at 29290.73
Big winners for the day included:
  • Chubb, +7.06% the
  • Unitedhealth, +5.31%
  • IBM, +4.85%
  • Exxon Mobil, +4.64%
  • Emerson, +3.85%
  • United Airlines, +3.7%
  • Boeing, +3.66%
  • Bank of America, +3.24%
  • 3M, +3.21%
  • Chevron, +3.21%
  • travelers, +3.14%
  • Citigroup, +3.08%
  • Caterpillar, +2.89%
  • Intel, +2.89%
  • DuPont, +2.64%
  • Charles Schwab, +2.48%
  • General Dynamics, +2.47%
Losers today the included:
  • Tesla, -17.04%
  • Ford Motor, -9.54%
  • Lyft, -3.82%
  • Chipotle, -3.5%
  • Square, -3.07%
  • Walt Disney, -2.35%
  • Gilead, -2.28%
  • Twitter, -1.77%
  • Chewy, -1.65%
  • AliBaba, -1.21%
  • Starbucks, -0.93%
  • Amazon, -0.52%
  • Tencent, -0.45%

Stocks end ugly as weekend coronavirus fears can’t slow the slide

Dow down -600 points/-2.09%

The US stocks end an ugly day near the lows for the day. The Dow industrial average fell by over 600 points/2%. It was the worst day since August 23.  Moreover the Dow ended the month lower for the 1st time in 5 months. For the S&P it had their worst day since October 2 . The Dow ended the month lower for the 1st time in 5 months.  The S&P and NASDAQ had their worst start to the year in 5 years.  You get the picture.

The final numbers are showing:
  • S&P fell -58.14 points or -1.77% to 3225.52
  • Nasdaq fell -148 points or -1.59% to 9150.94
  • Dow fell -603.41 points or -2.09% to 28256.03.
For the month, the Nasdaq did still and positive for the month, but the S&P and Dow closed the month lower.
  • S&P, -0.16%
  • Nasdaq, +1.99%
  • Dow, -0.99%
In Europe today the major indices also closed near session lows. On what happened and Portugal but the PSI 20 did peek out a gain for the day.
Dow down -600 points/-2.09%

US major indices close at session highs. Reverse near 1% declines

Up and down session but by the end, the bulls prevail

The major US indices are ending the day near session highs and higher on the day. It took nearly all day to get back in the black. At the lows, the S&P index was down -0.93% the low, the NASDAQ index was down -0.97%, and the Dow industrial average was down -0.85%.
At the close, the final numbers show:
  • S&P index it is closing up 10.17 points or 0.31% at 3283.57
  • NASDAQ index is closing up 23.77 points or 0.26% at 9298.93
  • Dow industrial average it is closing up 123.8 points or 0.43% at 28858.25

The European markets did not fare as well. The German DAX fell by -1.41%. The France’s CAC fell by 1.4%.

Below are the percentage ranges for the major European and US indices along with the closing percentage change levels.
Up and down session but by the end, the bulls prevail_

Dow and S&P have the worst day since October

NASDAQ has its worst day since August.   Fears about coronavirus send major indices lower.

Major indices are ending the session sharply lower. The Dow and S&P had their worst day since October. The NASDAQ index fared even worse with its worst day since August.
The final numbers are showing:
  • S&P index -51.89 points or -1.57% to 3243.57. The high reached 3258.85. The low extended to 3234.50 (early in the session).
  • NASDAQ index fell -175.60 points or -1.89% to 9139.30. The high reached 9185.449. The low extended to 9088.043.
  • Dow industrial average fell -453.93 points or -1.57% to 28535.80.  The high reached 28671.79. The low extended to 28440.47.
Some losers on the day included:
  • United Airlines, -5.26%
  • Schlumberger, -5.06%
  • Broadcom, -4.69%
  • Nvidia, -4.12%
  • Intel, -4.07%
  • Micron, -4.04%
  • Alibaba, -3.78%
  • Intuitive Surgical, -3.65%
  • FedEx -3.65%
  • DuPont, +3.4%
  • Delta airlines -3.38%
  • Caterpillar, -3.35%
  • American Express, -3.32%
  • Disney, -3.05%
  • Apple -2.93%
Winners in a huge down day included:
  • Beyond Meat, +4.43%
  • Chewy, +1.79%
  • target, +1.29%
  • Walmart, +1.28%
  • Gilead, +1.12%
  • Pfizer, +0.8%
  • Procter & Gamble, +0.42%
  • Walgreens Boots, +0.35%
  • Stryker, +0.16%
  • Merck, +0.16%
Whirlpool is reporting and beat of $4.91 versus estimate of $4.27.  Revenues fell short of expectations at 5.38 billion versus 5.52 billion estimate.  Whirlpool shares are trading at $149 per share that’s up $0.77 or 0.52%.

Earnings releases pickup tomorrow with 3M, Starbucks, Apple, Pfizer and Lockheed Martin as some of the key releases.

Other key releases this week include:
  • Wednesday: Tesla, McDonald’s, Microsoft, Boeing, Facebook
  • Thursday: Amazon, UPS, Coca-Cola, Electronic Arts, Biogen
  • Friday: Chevron, Honeywell, Caterpillar, Exxon Mobil, Colgate-Palmolive

Major indices give up early gains on coronavirus fear

Nasdaq snaps 7 week win streak.

The major indices give up early gains on coronavirus concerns and are ending the day lower.  For the week, the NASDAQ index snapped a 7 week winning streak and is ending down on the week. The Dow is in the midst of a four-day losing streak.
The final numbers are showing:
  • The S&P index -30.09 points or -0.90% at 3295.45. The high reached 3333.18. The low extended to 3281.53
  • The Nasdaq index fell -87.568 points or -0.93% at 9314.91. The high reached 9451.43. The low extended to 9273.23
  • The Dow closed down -171 points or -0.58% at 28989.73. The high reached 29288.79. The low extended to 28843.31.
For the week, the major indices all closed in the red:
  • Dow industrial average, -1.05%
  • S&P index, -0.64%
  • NASDAQ index, -0.45%
Apart from the German Dax and the Australia’s S&P/ASX 200, the major global indices end the week negative (see charts below).
Major indices closed mostly lower this week

European shares rebound to end the week

German Dax up 1.3%.  France’s CAC, up 0.8%.  UK’s FTSE 100, +1.1%

The major European indices are ending the day higher.  For the week all but the German Dax fell.
A look at the provisional closes are showing:
  • German DAX, +1.3%
  • France’s CAC, +0.8%
  • UK’s FTSE 100, +1.1%
  • Spain’s Ibex, +0.4%
  • Italy’s FTSE MIB +1.0%

For the week, all but the German Dax are ending lower.  Provisional changes are showing

  • German DAX +0.32%
  • France’s CAC -1.34%
  • UK’s FTSE 100 -1.1%
  • Spain’s Ibex -1.3%
  • Italy’s FTSE MIB -0.82%
In other markets as the European/London traders look to exit:
  • Spot gold is trading up $9.80 or 0.64% at $1572.90
  • WTI crude oil futures are trading down $1.43 or -2.57% at $54.16
US stocks have tilted back to the downside as a US Sen. tells of the 3rd case of the coronavirus in the US.  Weekend fear is being elevated:
  • S&P index -15.78 points or -0.46% at 3309.78
  • NASDAQ index -24.97 points or -0.26% at 9377.62
  • Dow -87 points or -0.29% at 29073.83