Archives of “dow jones industrial average” tag

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US stocks end the day near session lows.

  
Analysis, US Market
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A soft ending to the stock day

The US stocks are ending the day just off the lows for the day. The NASDAQ index by the way with a -1.27% decline.
The final numbers are showing:
  • S&P index -20.97 points or -0.61% at 3218.44.
  • NASDAQ index fell -134.17 points or -1.27% at 10402.09
  • Dow industrial average fell by -205.49 points or -0.77% at 26379.28
After the close Starbucks is reporting a less than expected loss and a sales beat. They also expect the 4th quarter to show a significant rebound. Earnings-per-share came in at $-0.46 vs. $-0.59 expectations. The revenues also be at $4.2 billion vs. $4.06 billion estimate.
Amgen earnings and revenues came in better-than-expected. However after an early rise, the price is currently trading lower in after hour trading.  Earnings-per-share came in at $4.25 I was higher than the $3 and 84 expected. Revenues grew by $6.21 billion vs. expectations of $6.18 billion.
These earnings-per-share came in a little bit better at $1.07 vs. $1.03 expectations. Revenues were little light however at $4.8 billion vs. $4.82 billion expected
Ebay earnings came and at $1.08 vs. $1.06 expectations. They also raised their year end outlook

Dow and S&P post the 1st negative week in 4 weeks

  
Analysis, US Market
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NASDAQ down for the 2nd week in a row

US major indices are ending the session with declines. For the week each of the major indices are also lower. It was the 1st negative week for the Dow and S&P in 4 weeks. For the NASDAQ is on a 2 week losing streak. The NASDAQ led the way to the downside this week with a -1.33% decline.
The final numbers for the day show:
  • S&P index -20.03 points or -0.62% at 3215.63
  • NASDAQ index -98.24 points or -0.94% at 10363.13
  • Dow -182.44 points or -0.68% at 26469.89
For the week, the NASDAQ led the way to the downside:
  • S&P index -0.28%
  • NASDAQ index -1.33%
  • Dow industrial average -0.76%
Year to date, the S&P index turned back negative on the year:
  • S&P index -0.47%
  • NASDAQ index +15.5%
  • Dow industrial average -7.25%
For the last year:
  • S&P index +6.49%
  • NASDAQ index +24.53%
  • Dow -2.93%

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.

US Indices end the session mixed.

  
Analysis, US Market
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NASDAQ closes lower for the 1st time in 3 days

US stocks are ending the session mixed.

  • The S&P index moved higher close at the highest level since February 21.
  • The S&P is up for the 3rd consecutive day
  • The NASDAQ index close lower after 2 days of gains
  • the Dow industrial average is on a today winning streak
A look at the closing levels shows:
  • S&P index up 5.46 points or 0.17% at 3257.30
  • NASDAQ index -86.72 points or -0.81% at 10,680.36
  • Dow industrial average rose 159.53 points or 0.60% at 2684.40

European shares end the session higher but off the highest levels.

  
Analysis, Global Indices
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The German Dax risse by 0.95%

The major European shares are ending the session higher. However, they are also closing near the lows for the day (and well of the highs for the day).

  • German DAX, +0.96%. The high reached +2.05%
  • France’s CAC, +0.18%. The high reached +1.57%
  • UK FTSE 100, +0.06%. The high reached +0.86%
  • Spain’s Ibex, +0.18%. The high reached +2.36%
  • Italy’s FTSE MIB, +0.42%. The high reached +2.48%
Meanwhile in the US, the major indices are mixed with the NASDAQ currently trading down -0.39% and near session lows. The S&P index is trading midrange at +0.56%. The Dow industrial average is trading near its highs at +1.14%.

NASDAQ index rises over 2.50% on the day. New record close

  
Analysis, US Market
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eBay #Sponsored Wallstreet Stock Market Bull and Bear Head Bookends Bronze ElectroplatedThe buyers return to Amazon, Microsoft, Tesla ahead of their earnings over the next 2 weeks

The NASDAQ index rose over 2.5% on the day, outpacing small gains in the S&P index and Dow industrial average (which barely closed above unchanged).
The final numbers are showing:
  • S&P index up 27.11 points or 0.84% to 3251.83. The high price reached 3258.61. The low extended to 3215.16
  • NASDAQ index closed up 263.90 points or 2.51% at 10767.09. That is a record high close for the NASDAQ index
  • Dow industrial average closed up 8.92 points or 0.03% at 26680.83. The high price reached 26765.02. The low extended to 26504.20
Leading the way were some of the years biggest gainers including:
  • Tesla, +9.47% to $1643
  • Amazon, +7.93%
  • Microsoft, +4.3%
Tesla Microsoft will announce their earnings on Wednesday, July 22. Amazon will announce earnings on Thursday, July 30.
After the close IBM has announced higher earnings on the top and bottom line
  • EPS comes in at $2.18 vs. $2.17 estimate
  • revenues came in at $18.12 billion vs. $17.72 billion estimate
IBM shares are up in after hours trading and trades at $130.25 up 3.88% on the day

Quick Compilation of Market Crashes

  
Analysis, Education
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With the current liquidity/credit crisis, I thought it will be interesting to take a look at past crashes. Here’s a quick compilation (not comprehensive):

  • 1901 – 1903 (17 Jun 1901 – 9 Nov 1903) – 46.1% drop in DJIA.
  • 1906 – 1907 (19 Jan 1906 – 15 Nov 1907) – 48.5% drop in DJIA.
  • 1916 – 1917 (21 Nov 1916 – 19 Dec 1917) – 40.1% drop in DJIA.
  • 1919 – 1921 (3 Nov 1919 -24 Aug 1921) – 46.6% drop in DJIA.
  • 1929  (3 Sep 1929 – 13 Nov 1929) – 47.9% drop in DJIA. Kicked off the great depression.
  • 1930 – 1932 (17 Apr 1930 – 8 Jul 1932) – 86% drop in DJIA.
  • 1937 – 1938 (10 Mar 1937 – 31 Mar 1938) – 49.1% drop in DJIA.
  • 1973 – 1974 (11 Jan 1973- 6 Dec 1974) – 45.1% drop in DJIA.
  • 1987 – Black Monday (19 Oct 1987)
  • 1989 – Friday the 13th mini crash (13 Oct 1989)
  • 1990 – Savings & Loans collapse.
  • 1997 – Asian financial crisis (27 Oct 1997)
  • 1998 – Long Term Capital Management
  • 2000 – 2002 (15 Jan 2000 – 9 Oct 2002) – 37.8% drop in DJIA.
  • 2002 Summer – freezing up of corporate credit

Major US indices end the session with mixed results

  
Analysis, US Market
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Get an offer for fulltime employment after completing my second internship on Wall Street this summer. They need more women in charge!Dow industrial average down for the 2nd consecutive day

The major US stock indices are ending the session with mixed results.  The gains were led by the S&P index. The Dow industrial average fell for the 2nd consecutive day. The S&P index close week just below the year end closing level of 3230.78. It is still down -0.19% on the year

The final numbers are showing:
  • S&P index, up 9.18 points or +0.29% at 3224.75
  • NASDAQ index, up 29.36 points or 0.28% at 10503.19
  • Dow industrial average, down -62.25 points or -0.23% at 26672.40
For the week, the Dow led the way, while the NASDAQ index ended the week in the red. The final numbers are showing:
  • S&P index, up 1.25%
  • NASDAQ index, down -1.08%
  • Dow industrial average, up 2.29%
For the year, the NASDAQ index is the runaway leader. In fact it’s the only major indices in North America and Europe and is higher. The Shanghai CSI 300 is the only major indices higher on the year (up 10.94%). In the US the year-to-date numbers are showing:
  • S&P index, -0.19%
  • Dow industrial average -6.54%
  • NASDAQ index up 17.06%

European shares end the session mixed

  
Analysis, Global Indices
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France and Spain indices move lower

The European shares are ending the session with mixed results. France and Spain indices are lower. Germany, UK, Italy are trading higher.

The provisional closes are showing:
  • Germany Dax, +0.44%
  • France CAC, -0.36%
  • UK FTSE 100, +0.6%
  • Spain’s Ibex, -0.34%
  • Italy’s FTSE MIB, +0.2%
For the week, the indices closed higher:
  • German DAX, +2.3%
  • France’s CAC, +1.9%
  • UK’s FTSE 100, +3.15%
  • Spain’s Ibex, +1.8%
  • Italy’s FTSE MIB, +3.1%
In the European debt market, the benchmark 10 year yields are mostly and modestly higher. The exception is the Italian 10 year which is trading down -1.5 basis points.
European debt market
In other markets as European/London traders look toward the exits for the week:
  • spot gold is trading at $13.50 or 0.75% $1810.70. The high price extended to $1811.11 the low has reached $1795.96
  • WTI crude oil futures are trading down $0.27 or -0.66% of $40.48. The high for the August contract reached $40.90 while the low extended to $40.02. The September contract is currently trading down $0.27 or 0.66% at $40.66
In  the US equity market, the major indices are trading mixed. The Dow industrial average is down on the day while the S&P and NASDAQ index are currently trading in the black
  • S&P index is up 3.25 points or 0.10% at 3218.81
  • NASDAQ index is up 11.5 points or 0.11% at 10,485.25
  • Dow industrial average is trading down 43.12 points or -0.16% at 26691.40
In the US debt market the yields are trading near unchanged across the curve:
  • 2 year 0.143, -0.2 basis points
  • 5 year 0.278%, +0.3 basis points
  • 10 year 0.618%, +0.1 basis point
  • 30 year 1.314%, +0.6 basis points
A look at the strongest and weakest currencies at the close of the London session shows the CHF is the strongest and the GBP is the weakest.  The US dollar is mostly lower.

Major indices break winning streaks

  
Analysis, US Market
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S&P and NASDAQ break a today winning streak. Dow industrial average breaks its 4 day winning streak

The major indices have broken their recent winning streaks. Admittedly the NASDAQ and the S&P index is at only reason for 2 straight days, but the Dow industrial average had a 4 day winning streak snapped in trading today.

The final numbers are showing:
  • S&P index -10.99 points or -0.34% at 3215.57
  • NASDAQ index -76.66 points or -0.73% at 10473.83
  • Dow industrial average -135.39 points or -0.50% at 26734.73
Below are the percentage changes and percentage high low ranges for the North American and European indices. Apart from the Italian FTSE MIB and the Portuguese PSI 20, the major indices all closed lower today.
S&P and NASDAQ break a today winning streak. Dow industrial average breaks its 4 day winning streak_After the close Netflix showed a greater than expected rise in new subscribers (10.1 million vs. 8.2M estimate),. But forecast Q3 subscribers much less than expectations at 2.5 million vs. 5.1 million estimate
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