Archives of “Index” tag

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NASDAQ index closes above its 50 and 200 day moving averages

  
Analysis, US Market
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NASDAQ up for the 4th day in a row

The NASDAQ index is the star performer today, rising for the 4th day in a row closing above its 50 day and 200 day moving averages. The close above the 200 day moving averages the 1st since March 6.  The other indices also had solid days today with the S&P and Dow closing at the highest level since March 10.

The final numbers are showing:
  • S&P index up 84.43 points or 3.06% at 2846.06
  • NASDAQ index up 323.31 points or 3.95% at 8515.74
  • Dow industrial average up 558.99 points or 2.39% at 23949.76
Some of the major gainers today included:
  • Tesla, +9.07%
  • AMD, +7.83%
  • United holdings, +6.72%
  • Adobe, +6.24%
  • Qualcomm, +5.75%
  • Delta Air Lines, +5.59%
  • Raytheon, +5.27%
  • Nvidia, +5.3%
  • Amazon, +5.28%
  • Apple, +5.04%
  • Microsoft, +4.95%
  • J&J, +4.39%

Major indices close higher led by the Dow and S&P

  
Analysis, US Market
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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%

 

Major US stock indices rocket higher into the close

  
Analysis, US Market
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Indices all close with gains of over 7%

The major US stock indices rocketed higher into the close.  Reports that another $1.5 trillion of stimulus was leaked to Wall Street executives may have been a catalyst. The major indices are closing with oversized gains with the S&P bringing up the rear with a impressive 7.03% rise
The final numbers are showing:
  • S&P index up 175.03 points or 7.03% to 2663.68
  • NASDAQ index rose 540.15 points or 7.33% to 7913.23
  • Dow rose 1627.46 points or 7.73% to 2679.99

All 30 Dow stocks rose on the day led by:

  • Boeing +19.26%
  • Raytheon Technologies, +15.28%
  • American Express, +13.91%
  • Visa, +11.46%
  • DuPont, +11.0%
  • McDonald’s, +10.4%
The laggards in the Dow 30 include:
  • Procter & Gamble, +2.25%
  • Pfizer, +2.62%
  • Exxon Mobil, +3.09%
  • Verizon, +3.25%
  • Johnson & Johnson, +4.03%

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%

Dow leads the decline in stocks. Dow posts worst Q1 ever.

  
Analysis, US Market
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Dow & S&P worst month since 2008. S&P falls -20% for the quarter. All indices are in the red going back a year.

The US stocks are ending the day with declines across the board but by differing degrees.
For the month, the Dow and S&P had the worst month since 2008. The Dow posted the worst Q1 ever.  The S&P fell an even -20.00% for the quarter (which is a bit ironic).
The final numbers are showing:
  • S&P index fell -42.06 points ro -1.6% at 2584.59
  • Nasdaq index fell -74.05 points or -0.95% at 7700.10
  • Dow index fell -410.32 points or -1.84% at 21917.16
For the month, the major indices are showing:
  • S&P index fell -12.51%
  • NASDAQ index fell -10.12%
  • Dow fell -13.74%
For the quarter, the final numbers for the 1Q are showing:
  • S&P index fell -20.00%
  • NASDAQ index fell -14.18%
  • Dow fell -23.2%
Going back 1 year, all the major indices are now showing declines
  • S&P index, -8.81%
  • NASDAQ index, -0.38%
  • Dow industrial average, -15.47%

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.

US stocks go out at the lows. The Dow tumbles 10%

  
Analysis, US Market
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NASDAQ and S&P index fall over 9.4%

The US stocks are going out at the lows and down sharply after the markets were not impressed with the President’s address to the nation and the headlines continue to point to slower growth.  The US sporting events are shutting down. The number of infected and deaths continued to grow in Europe.  A massive liquidity add by the Fed could not help.
The final numbers are showing:
  • S&P index -260.6 points or -9.51% at 2480.78
  • NASDAQ index -750.25 points or -9.43% at 7201.80
  • Dow industrial average -2352.33 points or -9.99% at 21200.85.

The changes in major stock marketsYear to date numbers are showing:

  • Dow, -25.71%
  • S&P, -23.22%
  • Nasdaq, -19.74%
  • Canada S&P/TSX index -26.69%
  • Euro Stoxx 50, -32.04%
  • UK FTSE 100 -30.56%
  • German DAX, -30.85%
  • France’s CAC, -32.35%
  • Japan’s new guy, -21.55%
  • Hong Kong’s Hang Seng -13.77%
  • Australia’s S&P/ASX 200, -20 64%
There is nothing good coming out the stock market.

Year to

European major indices end their nightmare of a day

  
Analysis, Global Indices
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Major indices down over 7%

The European stock markets are now close for the day and the nightmare is over.  The major indices all closed over 7% lower.   For the year the declines are near the -20% level. Ouch.
The provisional closes for the major indices are showing:
  • German DAX, -7.4%
  • France’s CAC, -7.9%
  • UK’s FTSE 100, -7.3%
  • Spain’s Ibex, -8.1%
  • Italy’s FTSE MIB, -11.1%
For the trading year, the provisional changes are showing
  • German DAX, -19.8%
  • France’s CAC, -20.67%
  • UK’s FTSE 100, -20.3%
  • Spain’s Ibex, -18.9%
  • Italy’s FTSE MIB, -20.3%
In other markets as London/European traders look to exit:
  • spot gold is down $6.20 or -0.37% at $1667
  • WTI crude oil futures are down $8 or -19.43% at $33.26
In the US stock market:
  • S&P index is down -169 points or -5.7% the 2802
  • NASDAQ index is down -425 points or 4.98% at 8148
  • Dow is down -1600 points or -6.2% at 24263
In the US debt market yields remain sharply lower.
Major indices down over 7%_

Dow closes up over 5% on the day

  
Analysis, US Market
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Major indices close at session highs.

The Dow had the biggest point gain ever, and in the process moved higher by over 5% on the day. The S&P index broke a 7 day decline and rose 4.61%. The NASDAQ index was a laggard with only a 4.5% gain.
The final numbers are showing:
  • The S&P index up 136.27 points or 4.61% at 3090.47. The S&P index closed above its 200 hour moving average at  3048.38. Now the price is above that moving average the next target would be the 100 day moving average at 3168.69
  • The NASDAQ index is ending the day up 384.797 points at 8952.16. That is a gain of of 4.49%. Technically, the price moved above its 100 day moving average at 8828.31. Its 50 day moving average looms ahead at 9245.93.
  • The Dow industrial average is closing up 1293.9 points or 5.09% at 26703.26.  Although the gain was the biggest point gain on record, the index still remains below its 200 day moving average at 27241.99.
Some of the bigger gains include:
  • Tesla, +11.46%
  • Costco, +9.95%
  • Apple, +8.85%
  • Gilead, +8.69%
  • Twitter, +7.92%
  • Walmart, +7.59%
  • UnitedHealth, +7.04%
  • Microsoft, +6.67%
  • Citigroup, +6.56%
  • Travelers, +6.56%
  • Merck, +6.3%
  • Amgen, +6.28%
  • Target, +5.9%
  • Intuit, +5.87%
  • Verizon, +5.82%
  • MasterCard, +5.73%
  • Visa, +5.53%
  • Home Depot, +5.45%

Losers on the day include:

  • Lyft, -3.12%
  • Square, -3.10%
  • First Solar, -1.92%
  • Chewy, -1.83%
  • Deutsche Bank, -1.3%
  • Alcoa, -1.15%
  • Daimler, -1.09%
  • FedEx, -0.75%
  • Chipotle, -0.71%
  • Papa Johns, -0.5%
  • United Airlines, -0.47%
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