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Stocks slide and tumble into the close. Major indices close near session lows.

NASDAQ and S&P index fall over -2%

The major stock indices tumbled lower into the close, with the NASDAQ and S&P index both closing over -2% on the day. The final numbers for the major indices are showing:
  • S&P index -60.2 points or -2.05% at 2870.12
  • NASDAQ index -189.79 points or -2.06% at 9002.55
  • Dow -457.21 points or -1.89% at 23764.75
At the highs the:
  • S&P index is up 0.53%
  • NASDAQ index is up 0.64%
  • Dow industrial average is up 0.66%

The small-cap Russell 2000 index fell by -2.85% after being up as high as +0.43%.

The Canadian TSX/S&P index fell -1.23%
European shares ended mixed with Germany, France, and Portugal moving lower while UK, Spain, and Italy rose.

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%.

Major indices close near session highs.

Dow was down -362 points at the low

The major indices are closing higher and near session highs. Hopes for a successful reopening of America is helping the indices move higher today. Earlier in the session, the indices were down as concerned about the reigniting of US China trade tensions on the back of the Trump administration putting the blame of the coronavirus to China over the weekend.
Time heals all wounds in US stocks (or so it seems), and the NASDAQ was the 1st index to turn positive, followed by the S&P and finally the Dow industrial average. Disney and Boeing were the earlier drags on the Dow. Disney trading as low as $100.55. It is closing at $103.26 down -2.14%. Boeing traded as low as $124.35. It is closing at $131.38, down -2%.
The final numbers for the major indices are showing:
  • The S&P index +12.03 points or 0.43% at 2842.74. The S&P index traded as low as -1.16%.
  • The NASDAQ index rose 105.76 points or 1.23% 8710.71. The NASDAQ index traded as low as -0.78%.
  • The Dow industrial average rose 26.07 points or 0.11% at 23749.76. The Dow industrial average traded as low as -1.53%.

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

European shares end with solid gains as risk on sentiment increases

Hopes f him him him rom Gilead news propel European shares higher.

European indices are ending the session with solid gains on hopes from the Gilead remdesivir drug,
  • German DAX, +3.0%
  • France’s CAC, +2.32%
  • UK’s FTSE 100, +2.77%
  • Spain’s Ibex, +3.24%
In the European 10 year note sector are mostly lower with the exception of Italy (their credit rating was lowered by Fitch after the close yesterday)
Hopes f him him him _rom Gilead news propel European shares higher.

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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

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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