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US Indices run higher into the close. Major indices close near session highs

  
Analysis, US Market
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Major indice rise by 1.6% to 2.2%

The US stocks ran higher into the close with the major indices rising about 0.9% more in the last hour of trading.
The final numbers are showing:
  • The S&P index rose 56.09 points or 2.28% at 2526.90
  • The NASDAQ index rose 126.73 points or 1.72% at 2487.31
  • The Dow Industrial Average rose 1 and 69.93 points or 2.24% at 21413.44
Going into the last hour of trading, the major indices were trading at:
  • S&P index up 32.81 points or 1.33% at 2503.31. The final hour added 0.95%
  • Nasdaq index up 54.859 points or 0.75% 7415.44.  The final hour added 0.97%
  • Dow up 275.64 points or 1.32% at 21219.15. The final hour added 0.92%
Some winners today included:
  • Chevron, +11.06%
  • Exxon Mobile, +7.62%
  • Morgan Stanley, +7.18%
  • Gilead, +6.09%
  • Broadcom, +5.77%
  • Nvidia, +5.16%
  • Intel, +4.80%
  • Caterpillar, +4.8%
  • IBM, +4.77%
  • Procter & Gamble, +4.62%
  • Lockheed Martin, +4.46%
  • Mastercard, +4.46%
Some losers today included:
  • Beyond Meat, -9.58%
  • United Airlines, -8.72%
  • Walgreens Boots, -6.14%
  • Slack, -5.94%
  • United Technologies, -5.92%
  • Boeing, -5.82%
  • Tesla, -5.63%
  • Delta Airlines, -4.78%

US stocks close near session highs. Solid day higher.

  
Analysis, US Market
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Broad indices move up over 3% on the day

The US stocks moved up to a new session high but backed off just a bit into the close.  It was still a solid day higher.
The major indices are closing at:
  • S&P index rose 5.02 points or 3.35% to 2626.49.
  • Nasdaq index rose 271.77 points or 3.62% tp 7774.15.
  • Dow industrial average rose 688.32 points or 3.18% to 22325.10.
Although the price extended to new session highs in the major indices during the last hour, the volatility was a bit less than recent history. The snapshot at 3 PM showed:
  • S&P index up 70.44 points or 2.77% at 2611.91. The index moved up to a high of 2631.80 in the last hour.
  • NASDAQ index +225.28 points or 3.0% at 7727.66. The index moved up to a high of 7784.34 in the last hour
  • Dow up 526.39 points or 2.43% at 22163.12. The index moved up to a high of 22378.09 in the last hour.
Some winners today included:
  • Johnson & Johnson, +7.9%
  • Merck, +7.45%
  • Microsoft, +7.15%
  • Intel, +5.98%
  • Caterpillar, +5.88%
  • Facebook, +5.77%
  • Pfizer, +5.76%
  • Chubb, +5.32%
  • Nvidia, +5.15%
  • Coca-Cola, +5.04%
  • Walmart, +5.04%
  • Phillip Morris, +4.74%
  • IBM, +4.54%
  • General Mills, +4.42%
  • Gilead +4.30%
  • Adobe +4.22%

Some losers today included:

  • United Airlines, -8.08%
  • Boeing, -5.93%
  • Southwest Airlines -3.52%
  • Delta, -2.98%
  • Tesla, -2.43%
  • Papa John’s, -2.32%
  • Wells Fargo, -1.19%
  • Slack, -1.09%
  • Raytheon, -0.73%
  • DuPont, -0.62%
  • Lockheed Martin, -0.57%

Major indices end the day with solid gains and at the highs

  
Analysis, US Market
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The Dow and S&P rises for the 3rd day in around.

Yesterday both the S&P index and the Dow closed higher for the 2nd day in a row. The NASDAQ did not join them as it fell in trading yesterday. However all 3 indices are closing higher in trading today with solid gains. The indices closed near/at the session highs.

The final numbers are showing:
  • S&P index rose 151.74 points or 6.13% at 2627.30
  • NASDAQ index rose 413.24 points or 5.6% at 7797.53
  • Dow industrial average rose 1351.62 points or 6.38% at 22552.17.
The final hour of trading – which has been very volatile of late – once again saw the major indices rock ‘n’ roll ‘n:
  • S&P index, was at 2594.44 at 3 PM ET. The high in the last hour reached 2637.01. The low reached 2574.92. That is a range of 63 points.
  • NASDAQ index was trading at 7686.41 at 3 PM. The high in the last hour reached 7809.82. The low extended to 7639.95. That is a range of 170 points.
  • Dow industrial average was trading at 22227.47 at 3 PM. The high in the last hour reached 22595. The low reached 21964.24. That is a range of 631 points in the last hour.

The indices are also closing well off there lows for the day (the major indices did not go negative today).  Looking at the % low, % high and % Close, the % lows for the indices reached:

  • S&P index, +1.02%
  • NASDAQ index, +1.06%
  • Dow industrial average, +1.07%
Of the lows from Monday:
  • The Nasdaq is up 17.77%
  • The S&P index is up 20.31%
  • The Dow is up 24.06%
Of course those gains are impressive, but understand the gains are off much lower levels. The major indices are still well off the highs for the year.

How many different ways can you say “Record close for US indices”?

  
Analysis, US Market
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Major US indices close at records and near highs for the day

How many different ways can you say “Record close for the US indices?”  It is like a broken record.

The final numbers are showing:
  • S&P index +21.64 points or 0.64% at 3379.40
  • NASDAQ index +87.01 points was +0.90% at 9725.96
  • Dow +275.08 points or 0.94% at 29551.42

Some of the oversize winners today include:

  • First solar, +4.86%
  • United health, +4.36%
  • Micron, +3.55%
  • AliBaba, +3.33%
  • Daimler, +3.19%
  • Twitter, +3.18%
  • Walgreen boots, +2.83%
  • Caterpillar, +2.55%
  • Apple, +2.3%
  • United Airlines, +2.10%
  • Qualcomm, +1.93%
Some of the losers today include:
  • Lyft, -10.24%
  • Beyond Meats, -1.99%
  • Phillip Morris, -1.75%
  • Gilead, -1.2%
  • Stryker, -0.93%
  • Pfizer, -0.92%
  • Amgen, -0.83%
  • Tesla, -0.82%
  • Lockheed Martin, -0.78%
  • Procter & Gamble, -0.60%
  • J&J, -0.57%

European shares end mostly lower. FTSE 100 does rise though

  
Analysis, Global Indices
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UK FTSE 100, +0.23%

The major European indices are ending the session mostly lower. The the exception is the UK’s FTSE 100 which has moved up by 0.23% on the day.
The provisional closes are showing:
  • German DAX, -0.28%
  • France’s CAC, -0.2%
  • UK’s FTSE 100, +0.23%
  • Spain’s Ibex, -0.24%
  • Italy’s FTSE MIB, -0.69%
In the European debt market, the benchmark 10 year yields are mostly lower (with the exception of the Portuguese 10 year note):
The European yields are lowerIn other markets as London/European traders look to exit for the day (and just ahead of the ceremonial signing of the US/China phase 1 trade deal):

  • Spot gold is up $4.25 or 0.28% at $1550.63
  • WTI crude oil futures are trading down $0.51 or -0.86% at $57.74
In the US stock market the major indices are higher and trading at record levels:
  • S&P index up 14.9 points or 0.46% at 3298.13 (high for the day). It is getting closer to the 3300 level
  • NASDAQ index is up 42.84 points or 0.46% at 9294.17. The high reached 9298.82 just short of the 9300 level
  • The Dow is up 168 points or 0.58% at 29108.24
In the US debt market, the yields are lower and the yield curve flatter again with the 2 – 10 year spread down to 22.44 basis points from 24.09 basis points at the close yesterday.

US Market : Record close for the major indices

  
Analysis, US Market
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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%

Major indices close higher but late selling sends indices lower on Baghdad bomb chatter

  
Analysis, US Market
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Nasdaq closes at a record

The major US indices are closing higher on the day. However some late day selling on Baghdad bomb chatter helped to push the indices off highs into the close.
Nevertheless the NASDAQ index is closing at a record level.
The final numbers are showing:
  • S&P index up 15.88 points or 0.49% at 3253.06. The high price reached 3267.07. The low extended to 3236.67
  • NASDAQ index rose 60.66 points or 0.67% at 9129.24. The high price reached 9168.88. The low extended to 9059.38
  • Dow rose 161.45 points or 0.56% at 28745.20. The high price reached 28866.18. The low extended to 28522.51.

S&P, Nasdaq have best year since 2013

  
Analysis, Global Indices, US Market
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Nasdaq up over 35% on year

The US stock market is closed for the year, and oh what a year it was.
The S&P index and the NASDAQ index both had their best years since 2013. The NASDAQ index led the way for the year with a gain of 35.23%. The S&P index rose by 28.87%. The Dow industrial average was limited with a 22.33% gain. Boeing weighed on that index in 2019.
For the day, the major indices are closing near highs:
  • S&P index rose 9.41 points or 0.29% to 3230.70
  • NASDAQ index rose 26.611 points or 0.30% to 8972.60
  • Dow rose 76.1 points or 0.27% to 28538.24
Globally for the year, the Nasdaq index was the largest gainer (+35.23%) followed by the S&P index (+28.88%) and Italy’s FTSE MIB (up 28.28%).  The Shanghai composite index had a impressive 22.1% return.  France’s Cac and Germany’s DAX rose 26.37% and 25.48% respectively.
The worst performing index was the Portuguese PSI20 at 10.20% and Spain’s Ibex at 11.82%.  The UK FTSE, with all the upheaval and uncertainty from Brexit and the political upheaval, had a limited (relatively) gain of 12.10%.
The YTD returns were impressive in 2019

S&P and Nasdaq close at record levels.

  
Analysis, US Market
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New all time highs in the S&P and Nasdaq too

The S&P and NASDAQ indices are closing at record levels. They also moved to all time record highs intraday.
The final numbers are showing:
  • S&P index, +26.91 points or 0.86% to 3168.55. The new all time intraday high price reached 3176.28
  • NASDAQ index up 63.265 points or 0.73% to 8717.314. The new intraday all-time high price reached 8745.82
  • Dow up 220.62 points or 0.79% to 28131.92

Some winners on the day include:

  • AMD, +7.98%
  • Deutsche Bank, +4.26%
  • FedEx , +3.7%
  • Micron, +3.47%
  • Nvidia, +3.13%
  • Bank of America, +3.09%
  • Cisco, +3.07%
  • Charles Schwab, +2.98%
  • J.P. Morgan, +2.85%
  • PNC financial, +2.54%
  • Bristol-Myers Squibb, +2.48%
Some losers include:
  • Box, -2.82%
  • Facebook, -2.73%. There was an article in the Wall Street Journal saying that the FTC is looking for an injunction on how Facebook apps interact
  • Boeing, -3.66%
  • LYFT, -1.73%
  • Chipotle, -1.4%
  • Philip Morris, -1.13%
  • Twitter, -0.85%
  • Papa John’s, -0.62%
  • Lockheed Martin, -0.5%
  • Gilead, -0.21%

US Major indices close just off session lows

  
Analysis, US Market
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tocks not three-day winning streak

The US major indices are closing just off session lows and in the process have snapped the 3 day winning streak.
The final numbers are showing:
  • S&P index, -9.95 points or -0.32% at 3135.96. The high reached 3148.87. The low extended to 3135.46
  • Nasdaq index closed down -34.7 points or -0.4% at 8621.82. The high reached 8678.85. The low extended to 8619.77
  • The Dow closed down -105.39 points or -0.3% at 27909.67. The high reached 28010.42. The low extended to 27906.14
The ranges of the major stock indices
Some winners today included:
  • US steel, +10.63%
  • Bristol-Myers Squibb, +2.29%
  • Slack, +2.2%
  • Deere & Company, +1.65%
  • Qualcomm, +1.31%
  • Target, +1.13%
  • Papa John’s, +1.12%
  • Home Depot, +1.06%
  • Tesla, +1.05%
  • IBM, +0.53%
  • Visa, +0.43%

Some losers today included:

  • Micron, -3.15%
  • Beyond Meat, -2.85%
  • Rite Aid, -2.29%
  • Intuitive Surgical, -2.10%
  • AMD, -1.77%
  • Alcoa, -1.75%
  • Stryker, -1.73%
  • Netflix, -1.52%
  • AliBaba, -1.58%
  • Apple, -1.39%
  • Goldman Sachs, -1.2%
  • Walt Disney, -1.0%
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