Archives of “nasdaq” tag

rss

S&P and Dow close at record levels again

  
Analysis, US Market
#  #  #  #

Nasdaq 1.9% from the all time high

The major indices are all closing higher and near highs for the day/week. The S&P and Dow industrial average both closed at record highs. The NASDAQ index is just under 2% away from the all time high.

The major indices also closed higher for the week with the NASDAQ index leading the charge at up 3.12%.
The final numbers are showing:
  • S&P index +31.58 points or 0.77% at 4128.75. The high reached 4129.48 which is the all time high for the pair.
  • Nasdaq +70.878 points or 0.51% at 13900.18. The all-time high price is at 14175.12. The index is 275 points from the all time high putting the index about 1.9% from the all time high
  • Dow rose 298.68 points or 0.89% at 33801.25. That was just off the high for the week at 33810.87 (which is also the all time high).
For the week, the Nasdaq led. The Dow lagged but was still higher. The Russell 2000 index of small cap stocks fell -0.56%.  The Nasdaq was up 3.12%.
Helping in the US was lower /steady rates despite the rise in rates today. Below are the changes for the week.  The largest decline was in the 5 year sector with a decline of 11.59 basis points. The 10 year is down -6.49 basis points (rates are up about 4 bps today).  Next week the US treasury will be auctioning of reopened 3, 10 and 30 year issues.

Major averages close near unchanged levels

  
Analysis, US Market
#  #  #  #  #

The S&P index did close at a new record high

The major indices are closing their unchanged levels give or take. The broader S&P index traded to a high of 4083.16. That was just short of the all-time high reached yesterday at 4086.23 (but it did close at a new record high).

  • The NASDAQ index is down for the second consecutive day but with only modest declines over each day (the NASDAQ fell -0.05% yesterday and declined -0.07% today)
  • The volatility index (VIX) trades at the lowest level since February 2020. The low reached 16.87% today
  • S&P is up for the fourth of five sessions but only marginally today. The S&P fell -0.10% yesterday.
  • The S&P index did close at a new all-time record high at 4079.95. That took out the high close from Monday at 4077.91.
  • Dow closes higher for the third day in the last four
A look at the final numbers shows;
  • S&P index rose 5.79 points or 0.14% at 4079.73. The high reached 4083.13. The low extended to 4006 8.31
  • NASDAQ index fell -9.536 points or -0.07% at 13688.84. The high reached 13733.03. The low extended to 13653.58
  • Dow rose 15.96 points or 0.05% at 33446.20 . The high reached 33521.76. The low extended to 33347.96
Large cap growth stocks all rose with percentage gains above the averages today:
  • Square, +3.6%
  • Facebook, +2.23%
  • Amazon, +1.72%
  • alphabetic, +1.35%
  • Apple, +1.34%
  • Intel, +1.05%
  • PayPal, +0.95%
  • Microsoft, +0.82%
  • Netflix, +0.45%
The Russell 2000 index of small-cap stocks did not fare well today. That index fell -37.12 points or -1.64% at 2222.05.

Dow and S&P close at record highs

  
Analysis, US Market
#  #  #

Nasdaq still 3.3% from the all time high

The Dow and S&P both closed at record highs. The Nasdaq index rose sharply today, but still trades around 3.3% from the all time high reached on February 16.
For the day:
  • S&P index rose 57.91 points or 1.44% at 4077.78.  At the highs the S&P was up 1.59%. The low was +0.69%..
  • NASDAQ index rose 225.48 points or 1.67% at 13705.59. At the highs the NASDAQ index is up 1.78%. The low was +0.76%.
  • Dow industrial average rose 372.27 points or 1.12% at 33525.48. At the highs the Dow industrial average was up 1.4%. The low was +0.21%
  • The Russell index rose for its 4th straight day. The index closed up 10.98 points or 0.49% at 2264.89. The high took the price up 1.13%. The low was at -0.20%.

Leading the Dow 30 was

  • Walgreens boots, +3.73%
  • Intel, +3.1%
  • Walmart, +2.8%
  • Microsoft, +2.76%
  • Boeing, +2.55%
  • Home Depot, +2.48%
  • Apple, +2.36%

Some other big gainers today included:

  • GM, +5.61%
  • Roblox, +5.22%
  • LivePerson, +4.75%
  • Ford, +4.44%
  • Tesla, +4.36%
  • Rackspace, +4.16%
  • Alphabet, +4.12%
  • Whirlpool, +3.74%
  • Facebook, +3.43%
  • Corning, +3.39%
  • Delta Airlines, +2.91%
  • Dollar Tree, +2.87%
  • Microsoft, +2.79%
soma losers today included
  • Novavox, -4.59%
  • ViacomCBS, -3.97%
  • FirstSolar, -3.61%
  • Gamestop, -2.85%
  • Chewy, -2.16%
  • Schlumberger, -1.96%
  • Snowflake, -1.85%
  • Goldman, -1.27%
  • BedBath and Beyond, -1.0%
  • Nio, -0.86%
  • AirBnB, -0.83%
  • FedEx -0.7%
  • Citigroup, -0.55%

US stocks end mixed as rotation trade reverses today

  
Analysis, US Market
#  #  #

Nasdaq higher. S&P and Dow lower.

The rotation out of the Nasdaq and into the S&P and Dow was reversed today. The Nasdaq is the big winner. The Dow is the big loser and the S&P is in between those two indices.
  • Russell 2000 has its worst week since January
  • NASDAQ has its 4th weekly loss in 5 weeks
  • Dow post 2 day losing streak Dow, S&P, NASDAQ all down on the week

The final numbers area showing:

  • Dow industrial average -234.33 points or -0.71% at 32627.97
  • S&P index -2.36 points or -0.06% at 3913.10
  • NASDAQ index up 99.066 points or 0.76% at 13215.23
  • Russell 2000 rose 19.95 points or 0.88% at 2287.53
For the week:
  • Dow industrial average fell -0.46%
  • S&P index fell -0.79%
  • NASDAQ index fell -0.77%

US stocks close higher across the board. Nasdaq leads the way.

  
Analysis, US Market
#  #

Some selling into the close.

The US stocks are closing higher on the day with the Nasdaq leading the move higher.  The Dow, which has been the leader in the short term, has closed higher but lagged today.
  • Nasdaq has the best November. Closes 8% below record high
  • Dow closes 1% from all time high
  • S&P closed less than 2% from the all time high
  • Dow posts 3-day win streak
The final numbers are showing:
  • The S&P is closing up 54.10 points or 1.42% at 3875.46
  • The Nasdaq is closing up 464.66 points or 3.69% at 13073.82. The high reached 4.30%
  • The Dow rose +30.30 points or 0.10% at 31832.74. The high reached 347 points or 1.09% at the highs

4 down days in a row for the S&P index. Longest losing streak this year

  
Analysis, US Market
#  #  #

NASDAQ index and Dow industrial average close marginally higher. Russell index surges

The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year

  • S&P and NASDAQ post the 1st weekly loss in the 3 weeks
  • NASDAQ and Dow industrial average have modest gains on the day
  • Dow’s 3rd straight weekly gain
  • Russell 2000 index surges by 2.18%
  • For the week, the Dow industrial average is the only gainer
a snapshot of the final numbers shows:
  • S&P index -7.23 points or -0.18% at 3906.74. The high price reached 3930.41. The low price extended to 3903.07
  • NASDAQ index rose 9.11 points or 0.07% at 13874.46. The high price reached 13985.58. The low price extended to 13842.60
  • Dow industrial average rose 0.98% or less than 0.00% on the day at 31494.32. The high price reached 31647.53. The low extended to 31469.34
  • Russell 2000 rose by 48.3 points or 2.18% at 2266.69. The high price reached to 2275.87. The low price extended to 2218.81
For the trading week:
  • Dow industrial average gained 0.2%
  • S&P index fell -0.25%
  • NASDAQ index fell -1.08%
  • Russell 2000 fell -0.99%
Year-to-date:
  • Dow industrial average, +2.9%
  • S&P index, +4.01%
  • NASDAQ index, +7.65%
  • Russell 2000, +14.6%
For the last 12 months:
  • Dow, +7.31%
  • S&P index +15.37%
  • Nasdaq index +41.33%
  • Russell 2000, +33.75%

Major indices post 2 day winning streak. Amazon and Google beat on earnings. Bezos to step down from CEO role

  
Analysis, US Market
#  #  #  #  #  #

S&P post the best day to day performance since November

The major indices closed higher for the 2nd consecutive day with solid gains across the board ahead of earnings from Amazon and Google after the close.

The final numbers are showing:
  • S&P index +52.37 points or 1.39% at 3826.24
  • NASDAQ index up 209.38 points or 1.56% at 13612.77
  • Dow industrial average rose 476.23 points or 1.58% at 30688.14

After the close, both Google and Amazon have beaten on the top and bottom lines. Alphabet shares are currently trading up 4.21% to near $2000 a share.

Alphabet had
  • revenues of $56.90 billion vs. $53.13 billion estimate
  • earnings-per-share came in at $22.30 cents vs. $15.90 cents estimate
For Amazon, CEO basis said that he will transition to role of executive chair. Andy Jassy will become the new CEO of Amazon.  Jassy is a long time Amazon employee and built AWS.  The announcement is a surprise. Amazon’s basals is to focus on new products and early initiatives according to the headline news.
Amazon shares are currently trading higher by about 1.3% and volatile trading.
For Amazon:
  • Earnings-per-share came in at $14.09 vs. $7.34 estimate
  • net sales came in at $125.56 billion vs. 119.70 billion

US Indices close the day with modest gains in down and up session.

  
Analysis, US Market
#  #  #  #  #

Major indices rebounds off the lows into the close

The major indices opened modestly higher, moved lower into the midday, and rallied back higher into the close before finding some selling at the bell.   The Nasdaq led the way higher with a gain of 0.28%. The Dow was not far behind with a gain of 0.19%
The final numbers are showing:
  • S&P index rose 1.58 points or 0.04% at 3801.19. The high price reached 3810.78. The low price extended to 3776.51
  • NASDAQ index rose 36 points or 0.28% at 13072.43.  The high price reached 13105.03. The low extended to 12963.91
  • Dow closed up 60 points or 0.19% at 31068.69.  The high price reached 31114.56. The low extended to 30888.76
  • The Russell 2000 mid-cap stocks also close higher with solid gain of 1.63%. The index closed at its highs for the day.

Some of the bigger winners today included:

  • Doordash, +14.96%
  • AirBNB, +8.55%
  • Chewy, +7.3%
  • Uber, +7.25%
  • Corsair, +7.09%
  • General Motors, +6.24%
  • Zoom, +5.65%
  • Ford, +5.11%
  • Lyft, +4.78%
  • Tesla, +4.73%
  • Schlumberger, +4.64%
  • Rite Aid, +3.94%
  • Lam research, +3.86%
  • Goodrx, +3.5%
  • Beyond Meat, +3.3%
  • Intel, +3.28%
  • United Airlines +3.26%
  • Goldman Sachs, +2.79%
Losers today included:
  • Western Digital, -3.28%
  • Intuitive Surgical, -3.12%
  • Boston Scientific, -3.10%
  • Comcast -2.93%
  • Twitter, -2.37%
  • Facebook, -2.32%
  • Merck at -2.27%
  • General Mills, -2.16%
  • AMD, -1.94%
  • Visa, -1.93%
  • Intuit, -1.87%
  • Disney, -1.73%
  • Pfizer, -1.59%
  • Box, -1.57%
  • Morris -1.54%
  • MasterCard, -1.52%
  • Black Knight -1.38%
  • Nike -1.35%
  • McDonald’s -1.23%
  • Nio, -1.21%

S&P and Dow close at record levels at year end

  
Analysis, US Market
#  #  #  #  #  #  #  #

Nasdaq the big winner in 2020

The S&P and Dow are closing at record levels at the year end.
  • The Nasdaq led the charge in 2020 with a gain of 43.64% That was the largest gain since 2009
  • S&P was up 16.26%.  Since 2010 the S&P is up 240%
  • 57% of the gain in the S&P was from Microsoft, Amazon and Apple
  • The Dow is closing up 7.25% after spending most of the year in the negative. It wasn’t until the gap break higher on November 9th, that the index moved above and stayed above the closing level from 2019 at 28538.44. The Dow was down over -36% at the March low
The final numbers today are showing:
  • S&P index rose 24.03 points or +0.64% to 3756.07
  • NASDAQ index rose 18.279 points or 0.14% at 12888.28
  • Dow industrial average rose 196.92 points or 0.65% to 30606.48
Some of the big gainers for the year include:
  • Nio, +1112.94%
  • Tesla, +743.03%
  • Zoom, +395.71%
  • Crowdstrike, +324.74%
  • Square, +247.89%
  • Chewy, +209.97
  • Nvidia, +121.93%
  • Paypal, +116.51%
  • Albemarle, +101.97%
  • AMD, +99.98%
  • US steel, +88.93%
  • Slack, +88.03%
  • Apple, +80.75%
  • First Solar, +76.77%
  • Amazon, +76.26%
Some big losers for the year include:
  • United Airlines, -50.9%
  • Raytheon, -46.77%
  • Exxon Mobil, -46.03%
  • Schlumberger, -45.7%
  • American Airlines, -45.01%
  • Wells Fargo, -43.9%
  • Boeing, -34.29%
  • Walgreens, -32.36%
  • Delta Air Lines, -31.24%
  • Chevron, -29.92%
  • AT&T, -26.41%
  • Raytheon technologies, -24.12%
  • Citigroup, -22.82%
  • under armor, -22.42%
  • Boston Scientific -20.50%
  • Intel, -16.76%
  • General Dynamics, -15.61%
  • Southwest air, -13.65%
For the Dow 30, the biggest winners included:
  • Apple, +80.75%
  • Microsoft, +41.04%
  • Nike, +39.64%
  • Salesforce, +36.82%
  • Walt Disney, +25.27%
  • Home Depot, +21.63%
  • Walmart, +21.3%
  • Honeywell, +20.17%
The biggest losers from the Dow 30 include:
  • Boeing, -34.29%
  • Walgreens, -32.36%
  • Chevron, -29.92%
  • Intel, -16.76%
  • Bank of America, -13.94%
  • Merck, -10.06%
  • J.P. Morgan, -8.85%
  • Cisco, -6.69%

Major indices close higher but come off highs in the last hour or so of trading

  
Analysis, US Market
#  #  #  #

S&P and NASDAQ index is still close at record highs

The major indices close higher but come off the highs and last hour so trading. Nevertheless both the NASDAQ and S&P closed at record high levels. The NASDAQ closed at record highs for the 46th time this year.

A snapshot of the close shows:
  • S&P index up 40.81 points or 1.13% at 3662.44.  The new all time high price comes in at 3678.45
  • the NASDAQ index close up 156.36 points or 1.28% at 12355.10. The new all-time intraday high price reached 12405.70
  • the Dow industrial average rose 185.28 points or 29823.92. The high price did extend back above the 30,000 level to a high price of 30083.31
Go to top