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US stocks close higher. S&P and NASDAQ close higher for the third consecutive day

  
Analysis, US Market
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Dow has a two day win streak two end the week

The US stocks are closing higher across the board with the Dow industrial average leading the way with a gain over 1%.

  • S&P and NASDAQ end the week with a three day winning streak
  • Dow ends with a two day winning streak
  • Dow is less than 1% from its all-time high
  • Dow has its best week since late June
  • S&P has its best week since July 23
  • NASDAQ and S&P close above its 50 day moving average

A look at the final numbers shows:

  • Dow industrial average rose 382.2 points or 1.09% at 35294.75
  • NASDAQ index rose 73.92 points or 0.5% at 14897.35
  • S&P index rose 33.11 points or 0.75% 4471.37
For the week,
  • Dow industrial average rose 1.58%
  • S&P index rose 1.81%
  • NASDAQ index rose 2.18%

US stocks close near session lows

  
Analysis, US Market
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Stocks still off into the close

The US stock indices sold off into the close and are closing near the low levels for the day.

  • The Dow and S&P are lower for the 2nd consecutive day
  • Utilities and Communications lag
  • Materials and Real Estate lead
A look at the indices at the close show:
  • Dow -249.40 points or -0.72% at 34496.84
  • S&P index -30.31 points or -0.69% at 4361.04
  • NASDAQ index -93.33 points or -0.64% at 14486.21
WTI crude oil futures hit this highest level in 7 years. The US treasury market was closed in observance of Columbus Day.  But concerns about higher interest rates persistent the market. The U.S. Treasury will auction off three and 10 year notes tomorrow at 1 PM ET. They will auction off 30 year bonds on Wednesday.

Major US indices close higher but off their highest levels

  
Analysis, US Market
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NASDAQ recoups 1.25%

The NASDAQ index yesterday took on the chin with a decline of -2.14%. Today the index recouped 1.25% of that decline but it could’ve been better. The index was up as much as 1.78% intraday. It is closing up 1.25% on the day.

Some highlights:
  • Dow industrial average recouped all of the declines from Monday’s trade
  • NASDAQ index has the best day since August 23
  • NASDAQ is still  6.29% below the all-time high. At the low, reached yesterday, the price moved -7.93% from the high
  • S&P index is 4.4% below the all-time high. At its low reached yesterday the index fell -5.87%
  • The Dow industrial average is down -3.68% from its all-time high

A look at the final numbers shows:

  • Dow industrial average rose 3 and 11.73 points or 0.92% at 34314.68
  • S&P index +45.24 points or 1.05% at 4345.71
  • NASDAQ index up 178.36 points or 1.25% at 14433.84
The major indices were buoyed by some short covering and dip buying. Having said that, the S&P index intraday moved back above its 100 day moving average at 4351.31. However the momentum could not be sustained, and the price moved back below that moving average level. For the NASDAQ index, it’s high price reached 14508.65. That was short of the 100 day moving average at 14521.12.
US yields are higher

Nasdaq takes it on the chin with a loss of over 2%

  
Analysis, US Market
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Nasdaq lower for the 6th time in 7 days.

The major US indices are ending sharply lower with the brunt of the damage done in the Nasdaq index.
  • The NASDAQ closes at its lowest level since June 22
  • The NASDAQ is down 7.5% from its all-time high
  • The S&P index is closing  5.40% from its all time high.
  • S&P that the lowest level since July 19
  • Facebook fell -4.89% today and is 15% from its all-time high
  • The Dow is -4.57% from its high.

A look at the final numbers for the day are showing:

  • Dow industrial average -323.56 points or -0.54% at 34002.91
  • NASDAQ index -311.20 points or -2.14% at 14255.49
  • S&P index market 56.58 points or -1.30% at 4300.47
  • Russell 2000-24.16 points or -1.08% at 2217.47
The scathing segment on Facebook’s disregard for the safety of their content on 60 Minutes got the ball rolling in the downward direction. There was also on a number of outages at major tech companies including Google, Amazon, Facebook, Twitter, etc., which may have contributed to the negative tone. Of course there is also the fear of slowing growth in China hurting global economies, and higher inflation leading to stagflation.
Feds Bullard gave his usual hawkish comments which did not help things.

NASDAQ snaps a five day losing streak

  
Analysis, US Market
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Dow up over 700 points at the session highs

The major US indices close sharply higher on the first day of the new trading month/new trading quarter with the NASDAQ index snapping a five day losing streak.

Shares of Merck surged 8.6% on the back of a Covid drug that cuts hospitalizations by 50%. Transportation stocks like United airlines, Delta Airlines and Southwest Airlines are also higher on the back of that news. Energy was the best performing sector as oil prices move back to the upside.
  • NASDAQ up for the first time in six sessions
  • Dow S&P, NASDAQ still on track for weekly losses
  • Russell 2000 index up nearly 2%
  • All S&P sectors are higher after yesterday saw the same sectors all lower
The final numbers are showing
  • Dow industrial average rose 483.53 points or 1.43% at 34327.45
  • S&P rose 49.55 points or 1.15% at 4357.09
  • NASDAQ index rose 118.12 points or 0.82% at 14566.70
  • Russell 2000 rose 37.26 points or 1.69% at 2241.63
For the week,, the major indices all closed lower.
  • Dow Jones -3.0%
  • S&P index -3.84%
  • NASDAQ index -3.13%

US stocks close mixed. Nasdaq and S&P close lower. Dow up but off highs.

  
Analysis, US Market
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ASDAQ falls -0.52%. Dow posts a four day win streak

The major indices are ending the day with mixed results. The Dow is higher on the day and has posted a four day win streak. The the NASDAQ index is down for the second consecutive day. The S&P index snapped its three day win streak.

The final numbers are showing:
  • Dow +71.37 points or 0.21% at 34,869.37
  • NASDAQ felt -77.73 points or -0.52% at 14 969.98
  • S&P fell -12.37 points or -0.28% at 4443.11
  • Russell 2000 index rose 32.93 points or 1.46% at 2281.00
Some big winners today included:
  • Alcoa, +6.43%
  • Dow, +5.07%
  • First Solar, +4.88%
  • Schlumberger, +4.10%
  • Nio, +3.9%
  • Exxon Mobil, +3.76%
  • Bed Bath and Beyond +3.74%
  • Alibaba, +3.47%
  • Tencent, +3.43%
  • Beyond Meat, +3.25%
  • PNC, +2.93%
  • Ford, +2.3%
  • Dollar Tree, +2.77%
  • Bank of America, +2.66%
Losers today included:
  • Novavax, -6.94%
  • Moderna, -4.93%
  • Roblox, -3.91%
  • Palantir, -3.75%
  • Snap, -3.63%
  • Crowdstrike, -3.22%
  • Adobe, -3.06%
  • Goodrx, -2.9%
  • Intuitive surgical, -2.89%
  • Twitter, -2.76%
  • Blackberry, -2.22%
  • Salesforce, -2.08%
  • Chipotle -2.02%

US stocks close lower. Dow and S&P close lower for the 5th consecutive day

  
Analysis, US Market
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The stocks close at session lows

The major stock indices are closing lower for the day. The Dow and S&P fell for the fifth consecutive day. That is the longest losing streak since February.
The NASDAQ index is closing lower for the third consecutive day.
The major indices close lower this week.
The final numbers are showing:
  • Dow industrial average fell 271.66 points or -0.78% at 34607.73
  • S&P index fell -34.7 points or -0.77% at 4458.57
  • NASDAQ index fell -132.75 points or -0.87% at 15115.50

Dow, S&P lower for the fourth straight trading day

  
Analysis, US Market
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NASDAQ down for the second consecutive day

The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days

A look at the closing levels shows:
  • Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low price reached 34847.30. The high price extended to 35199.89
  • S&P index felt -20.81 points or -0.46% at 4493.26. The low price reached 4492.07. The high price was at 4529.90.
  • NASDAQ index fell -38.38 points or -0.25% at 15248.25.  The low price for the day reached 15245.17. The high price reached 15352.38.
The Russell 2000 also closed lower with a late day selloff pushing the index into the red. It fell -0.60 points or -0.03% at 2249.13
  • Financials rose 0.25%
  • Energy rose 0.13%
  • Materials rose 0.07%
On the negative side:
  • Real Estate fell -2.12%.
  • Healthcare -1.18%.
  • Consumer staples -0.60%.
  • Utilities -0.59%

In other markets as US trading moves toward the close shows the Swiss franc is the strongest while the US dollars weakest.

NASDAQ closes at a record high for the 33rd time this year

  
Analysis, US Market
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S&P fails on attempt to close at record

Selling into the close today pushed the S&P index into the red after trading higher for most of the day. However it is still ending the day with a small gain.

The NASDAQ index is also closing near it’s session lows but had a more solid gain for the day, and is closing at a record level.
The Dow industrial average spent most the day negative and is closing down for the day.

Highlights of the day:
  • NASDAQ traded at a new intraday record high of 15379.50
  • NASDAQ index closed at a record level for the 33rd time this year
  • S&P index fell just short of reaching a new all-time high and could not hold onto a record closing level either.
  • NASDAQ is up for the second consecutive day
The final numbers are showing:
  • Dow industrial average felt -47.51 points or -0.13% at 35313.22
  • S&P index rose 1.49 points or 0.03% at 4524.17
  • NASDAQ index rose 50.15 points or 0.33% 15309.38
  • Russell 2000 rose 13.28 points or 0.58% at 2287.06
Looking at the S&P sectors, the gains were led by:
  • Real estate, +1.7%
  • Utilities, +1.3%
  • Consumer staples, +0.5%
  • Communications +0.5%
The decliners were led by:
  • Energy, -1.5%
  • Financials, -0.6%
  • Industrials -0.4%
  • Material -0.3%

S&P and NASDAQ close higher and at record levels. Dow down.

  
Analysis, US Market
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53rd record close level for the S&P in 2021

The S&P and NASDAQ closed higher and at record levels again. The Dow industrial average fell modestly.

Highlights include:

  • S&P and NASDAQ up for the seventh day in the last eight
  • S&P closes at a record level for the 53rd day NASDAQ in 2021
  • NASDAQ index closes at a record level for the 32nd in 2021
  • Advances on the New York Stock Exchange total 1406. Declines total 1885. Unchanged 203
  • major indices are on track for monthly gains
  • S&P on track for the best month since April with one more day to go
The final numbers are showing:
  • Dow industrial average felt -55.9 points or -0.16% at 35399.90
  • S&P index rose 19.39 points or 0.43% at 4528.76. The new intraday high reached 4537.80.
  • NASDAQ index rose 136.39 points or 0.90% at 15265.89. The new intraday high reached 15288.10
  • Russell 2000 index fell 11.16 points or -0.49% at 2265.99
Nine of 11 S&P sectors were higher led by:
  • Real estate, +1.2%
  • Technology, +1.1%
  • Consumer discretionary +0.92%
  • Communication +0.74%
Declining sectors were led by:
  • Financials -1.47%
  • Energy -1.16%
  • Materials -0.17%
  • Industrials -0.15%
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