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Major indices close higher but come off highs in the last hour or so of trading

S&P and NASDAQ index is still close at record highs

The major indices close higher but come off the highs and last hour so trading. Nevertheless both the NASDAQ and S&P closed at record high levels. The NASDAQ closed at record highs for the 46th time this year.

A snapshot of the close shows:
  • S&P index up 40.81 points or 1.13% at 3662.44.  The new all time high price comes in at 3678.45
  • the NASDAQ index close up 156.36 points or 1.28% at 12355.10. The new all-time intraday high price reached 12405.70
  • the Dow industrial average rose 185.28 points or 29823.92. The high price did extend back above the 30,000 level to a high price of 30083.31

Stocks up for the 4th straight day. NASDAQ gains 2.5%

Dow, S&P and NASDAQ on track for the best week since April

The major stock indices closed sharply higher for the 4th consecutive day. The Dow, S&P and NASDAQ on track for the best week since April:

  • 10 of the 11 sectors of the S&P closed higher with energy dipping into the negative at the close
  • Dow closes less than 1% below its 2020 breakeven level
  • NASDAQ index is up close to 9% for the week
  • NASDAQ closes less than 2% from the all-time high
  • S&P index closes 2% from its all-time high
  • the S&P index is up 7.4% for the week (was down around 6% last week)
  • 4 straight days higher
The final numbers are showing:
  • S&P index up 67.01 points or 1.95% at 3510.45
  • NASDAQ index up 300.14 points or 2.59% at 11890.92
  • Dow industrial average up 542.52 points or 1.95% at 28390.18
Some oversize winners today included:
  • Qualcomm, +12.79%
  • FirstSolar, +8.91%
  • Papa John’s +8.12%
  • United Airlines +6.0%
  • Southwest Airlines +5.42%
  • American Airlines +5.32%
  • PayPal +5.3%
  • Caterpillar +5.12%
  • J.P. Morgan, +4.05%
  • Bank of America, +3.89%
  • Salesforce, +3.85%
Some losers today included:
  • AliBaba, -2.76%
  • Northrop Grumman, -2.6%
  • Bristol-Myers Squibb, -2.54%
  • Exxon Mobil, -2.11%
  • Lockheed Martin, -1.96%
  • Pfizer, -1.52%
  • Phillip Morris, -0.85%
  • Gilead, -0.4%
  • Snowflake, -0.3%
  • Boston Scientific,

US indices close lower but rebound into the close eases the pain

NASDAQ index leads the way to the downside

The major indices are closing lower on the day but did rebounded into the close which eased some of the downside pain.
  • Dow close that is lowest level since July 31
  • Amazon, Apple close over 5% lower. Apple closes 20% below its all-time high
  • Twitter plunged 21%
  • Facebook fell -6.3%
  • Major indices post the 2nd straight monthly declines
  • Dow has it’s worst month since March
  • NASDAQ closes nearly 10% below its all-time high
  • S&P closes just 1.21% from the 2019 close
  • S&P closes 9% from all time high
The final numbers are showing:
  • S&P index fell -40.15 points or -1.21% at 3269.96
  • NASDAQ index fell -274 points or -2.45% at 10911.59
  • Dow industrial average fell 157.51 points or -0.59% at 26501.68
Looking at the ranges and changes for the major indices in North America and Europe, Portugal led the way to the upside. Other gainers were the France’s CAC, Spain’s Ibex, and Italy’s FTSE MIB. The NASDAQ index was the biggest loser for the day.
For the week,

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Major indices close lower for the 2nd consecutive day

NASDAQ leads the way lower

The major indices close lower for the 2nd consecutive day. The NASDAQ index was the weakest

of the majors today.

Some highlights:
  • S&P and NASDAQ index is trading lesson 3% from the all-time high
  • Stocks have their first 2 day losing streak since September 18
  • The Dow industrial average turned back for 2020
  • UnitedHealth care was the biggest drag on the Dow
  • Russell 2000 of small-cap stocks fell by -0.93%
The final numbers are showing:
  • The S&P index fell -23.32 points or -0.66% to 3488.61. The high price reached 3527.94. The low price extended to 3480.55
  • The NASDAQ index fell -95.166 points or -0.80% to 11768.73. It’s high price reached 11939.91. The low price extended to 11714.35
  • The Dow industrial average closed down -165.83 points or -0.58% to 28513.98. The high price reached 28792.56. The low extended to 28461.73.

US Indices end the session higher but come off the best levels of the day

NASDAQ index has its best day since September 9

The major indices are all closing higher with the NASDAQ index leading the way.

Highlights include
  • major indices rise for the 4th consecutive day
  • NASDAQ index has its best day cents September 9
  • S&P and NASDAQ close lesson 2% below its all-time high
  • 10 of 11 sectors in the S&P rise materials move lower
  • record close for the Dow transports

A final look at the closing numbers shows:

  • The S&P index rose 56.99 points or 1.64% at 3534.12. The my price reached 3549.85. The low price extended to 3499.61
  • The NASDAQ index close up 296.31 points or 2.56% at 11876.25. It’s high price reached 11965.53. The low extended to 11704.133
  • The Dow industrial average rose 250.62 points or 0.88% at 28837.52 The high price reached 28957.90. The low price extended to 28659.67.
Apple shares outperformed with a 6.26% gain. The company will release their new iPhone on October 13. Amazon also outperformed with a 4.75% gain. The delayed Amazon prime day(s) will be on October 13 and October 14.
Other big gainers today included:
  • Twitter, +5.1%
  • Chewy, +4.63%
  • Facebook, +4.26%
  • Morgan Stanley, +3.91%
  • Alphabet, +3.6%
  • Nvidia, +3.37%
  • Goldman Sachs, +3.18%

US major indices end lower. Dow, S&P and NASDAQ snap 3 day winning streak

Modest declines ahead of the presidential debate

The US stock market was relatively quiet today. The major indices all fell on the day and in the process snapped a 3 day winning streak for each.  The NASDAQ remains 8% below its record high. The S&P is some 7% below its record high.

The final numbers are showing:
  • S&P index fell -16.13 points or -0.48% to 3335.47
  • NASDAQ index fell -32.27 points or -0.29% to 11085.25
  • Dow fell -131.4 points or -0.48% to 27452.66

US stocks close on the lows. Nasdaq hits correction territory

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

US stocks tumble. Major indices have worst day since June (for S&P and Dow) and March (for Nasdaq)

Dow Jones falls -1025 points at its lows

The major indices are closing sharply lower. The major indices declines were the sharpest since June for the S&P and Dow.

For the NASDAQ, you have to go all the way back to March to have a worse trading day.

The Dow industrial average is now back negative in 2020. The declines snaps the S&P and NASDAQ 4 day winning streak. All 11 sectors of the S&P closed lower.
The final numbers are showing:
  • The S&P index fell 125.92 points or -3.52% at 3454.92. S&P index fell -4.28% at its lows
  • The NASDAQ index fell -598.34 points or -4.96% at 11,458.16. NASDAQ index fell -5.77% its lows
  • The Dow fell -808.50 points or -2.78% at 28292.33. Dow industrial average fell -3.52% at its lows

S&P index close at record level. NASDAQ string of record closes comes to an end

5 days in a row of record closes comes to an end for the NASDAQ

Well, the S&P index close at a record level, but could not push above 3500 at the close. It has closed higher for 6 consecutive days. The NASDAQ index failed to extend its 5 day record close string. It fell in trading today. The Dow industrial average also failed to close positive for the year for the 1st time since February 21.

The final numbers are showing:
  • S&P index rose by 5.86 points or 0.17% at 3484.60
  • NASDAQ index fell -39.725 points or -0.34% at 11625.33
  • Dow industrial average rose 160.22 points or 0.57% to 28492.05. It closed -0.16% from the end of 2019 level of 28538.
Airlines and financials did well today.
For the airlines:
  • United Airlines, +5.75%
  • American Airlines, +3.79%
  • Southwest Airlines, +3.49%
  • Delta Air Lines, +2.87%
For the financials:
  • J.P. Morgan, +3.28%
  • Wells Fargo, +2.27%
  • PNC financial, +2.01%
  • Bank of America, +1.96%
  • Charles Schwab, +1.89%
  • Morgan Stanley, +1.74%
  • Citigroup, +1.73%
  • Goldman Sachs, +1.39%
Other oversize winners today included:
  • Box, +4.87%
  • Walmart, +4.55%
  • Marriott, +4.54%
  • Tesla, +4.02%
  • Stryker, +3.85%
  • Northrop Grumman, +2.23%
  • Slack, +2.05%
  • Uber, +1.55%
  • Salesforce, +1.48%
  • Ford, +1.47%
  • MasterCard, +1.42%
  • General Dynamics, +1.37%
Losers today included:
  • Netflix -3.84%
  • Facebook -3.543%
  • Adobe, -3.34%
  • AliBaba, -2.67%
  • AMD, -2.53%
  • Chewy, -2.45%
  • Twitter, -1.66%
  • Exxon Mobil, -1.33%
  • Corning, -1.29%
  • Amazon, -1.26%
  • Apple, -1.19%

S&P and NASDAQ closed at record levels once again

Dow within 1% of unchanged on the year

the S&P and NASDAQ index are closing at record levels once again with strong gains of over 1%. The NASDAQ outperformed with a 1.73% rise. The Dow industrial average was down earlier today but pushed to the upside and is closing within 1% of the closing level from 2019. The NASDAQ index is now up 30% on the year. The S&P is up 7.67%
The final numbers are showing:
  • S&P index up 35.11 points or 1.02% at 3478.73. The high price extended to 3481.07. The low price fell to 3444.15
  • NASDAQ index rose 198.59 points or 1.73% to 11665.06. It’s high price reached 11672.05. It’s low price fell to 11507.46
  • the Dow industrial average rose 83.48 points or 0.3% to 28331.92. It’s high price reached 28353.80, while its low fell to 28153.91
Some oversize gainers included:
  • Salesforce, +26.06%
  • Netflix, +11.59%
  • Adobe, +9.10%
  • Facebook, +8.27%
  • Box, +7.04%
  • Tesla, +6.32%
  • Slack, +5.85%
  • Rack space, +4.05%
  • Uber, +3.53%
  • Chewy, +2.93%

On the downside:

  • Schlumberger: -3.06%
  • United Airlines, -2.75%
  • Wells Fargo, -2.28%
  • Exxon Mobil, -1.84%
  • Southwest Airlines, -1.78%
  • Boeing, -1.7%
  • Bank of America, -1.69%
  • Citigroup, -1.55%
  • J.P. Morgan, -1.39%
  • Papa John’s, -1.18%
  • Pfizer, -0.89%
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