Archives of “Russell 2000 Index” tag

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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%

S&P and NASDAQ close at record highs

  
Analysis, Video
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51st record close for the S&P today

The S&P and Nasdaq is closing at yet another record close
  • For the S&P it is the 51st record close for the year.
  • The S&P and Nasdaq have closed higher for the 5th consecutive day
  • The Dow is up for the 4th day in a row.
  • Dow is less than 1% from its all-time high

The final numbers are showing:

  • The Dow rose 39.24 points or 0.11% at 35405.50
  • The S&P rose 9.96 points or 0.22% at 4496.19
  • the NASDAQ index rose 22.06 points or 0.15% at 15041.86
  • Russell 2000 rose 8.36 points or 0.37% at 2239.27
Financials, energy, industrials led the way to the upside, while healthcare, consumer staples, real estate and technology lagged.
Some specific winners included:
  • Western Digital, +7.87%
  • Uber, +3.41%
  • American Express, +3.11%
  • Micron, +2.8%
  • Novavax, +2.21%
  • JP Morgan, +2.06%
  • PNC financial, +1.96%
  • Delta Airlines, +1.92%
  • Wells Fargo, +1.92%
  • Nvidia, +1.88%
Some specific losers included:
  • express, -11.43%
  • Koss, -6.6%
  • Game Stop, -4.9%
  • Blackberry, -3.24%
  • Palantir, -2.91%
  • Tencent, -2.57%
  • Biogen, -1.89%
  • Pfizer, -1.82%
  • Beyond Meat, -1.6%
  • Alibaba, -1.51%

S&P and NASDAQ close at record highs

  
Analysis, US Market
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Russell 2000 leads the way with a gain of 1%

The S&P and NASDAQ are both closing at record high levels.

  • S&P and NASDAQ up for the fourth consecutive day
  • Russell 2000 leads Way with a 1% gain
  • Dow rises for the second consecutive day
  • NASDAQ index closed above the 15,000 level for the first time ever
  • Energy (+1.7%), discretionary and materials led the gains
  • Consumer staples (-0.8%), real estate (-0.7%), utilities (-0.7%) saw the declines
The final numbers are showing:
  • Dow industrial average rose 30.55 points or 0.09% at 35366.26
  • S&P index rose 6.7 points or 0.15% at 4486.23
  • NASDAQ index rose 77.14 points or 0.52% at 15019.79
Meme, Chinese companies and reopening stocks did better:
  • Game Stop, +27.66%
  • AMC +20.15%
  • AirBNB, +9.89%
  • BlackBerry, +9.62%
  • Tencent, + 9.26%
  • Robinhood, +8.85%
  • Crowdstrike, +8.07%
  • Alibaba, +6.6%
  • Goodrx, +5.74%
  • Roblox, +4.92%
  • FireEye, +4.72%
  • Koss, +4.64%
  • Bed Bath & Beyond, +4.53%
  • Southwest they are, +4.31%
  • Chewy, +4.29%
Losers included:
  • Traeger, -9.49%
  • Novavax, -7.09%
  • Moderna, -4.11%
  • Pfizer -3.10%
  • Western Digital -2.39%
  • Uber,-2.05%
  • General Mills, -1.96%
  • First Solar, -1.6%
  • snap, -1.15%
  • AMD, -1.03%
  • Home Depot, -0.9%
  • Nvidia, -0.77%
  • Costco, -0.71%
  • Microsoft, -0.65%
  • Gilead, -0.41%

Solid gains for stocks as investors cheer FDA approval of Pfizer Covid vaccination

  
Analysis, US Market
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S&P and NASDAQ close at record levels

The US major indices had a solid gains today led by the NASDAQ index which increased 1.54%. The Russell 2000 also had a solid gain of near 1.9%.

The gains were help by the FDA’s full approval of the Pfizer Covid vaccination. The hope is that those who have remained unvaccinated will be encouraged to get vaccinated now, and also that businesses and local governments, etc. will start to force workers to get the approved Pfizer vaccination.
Highlights:
  • NASDAQ closed at a record high
  • the S&P and NASDAQ hit new all-time intraday record levels. The S&P could not stay above its previous record closing level.
  • Dow is up for the second straight day
  • NASDAQ and S&P client for the third straight day
the final numbers are showing:
  • Dow up 215 points or 0.61% at 35335.71
  • S&P index up 37.84 points or 0.85% at 4479.51
  • NASDAQ index up 228 points or 1.55% at 14942.65
  • Russell 2000 up 40.70 points or 1.88% at 2208.30

NASDAQ the big winner today but major indices close lower for the week

  
Analysis, US Market
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All 11 sectors higher

The major indices all closed higher for the day led by the NASDAQ index which rose 1.17%.
  • All 11 sectors of the S&P are higher
  • indices close near the session highs
  • Dow snaps a three-day losing streak
  • S&P and NASDAQ close up for the second consecutive day
  • major averages post weekly losses
  • Dow has its worst week since mid-June
  • NASDAQ had its best day in four weeks
the final numbers are showing
  • Dow industrial average rose 225.50 points or 0.65% at 35120.08
  • S&P index rose 35.86 points or 0.81% at 4441.66
  • NASDAQ index rose 172.88 points or 1.19% at 14714.66
  • Russell 2000 index gained will 35.18 points or 1.65% at 2167.60
Technology and utilities led the gains today. Consumer staples and energy lagged but still closed higher on the day.
For the week:
  • Dow industrial average fell -1.11%
  • S&P index fell -0.61%
  • NASDAQ index fell -0.73%
For the Dow 30 stocks, the big winners today were:
  • Microsoft, +2.52%
  • Home Depot, +1.96%
  • Cisco, +1.68%
  • Walgreens, +1.58%
  • Nike, +1.32%
  • Salesforce, +1.21%
The laggards today were led by:
  • Intel -0.82%
  • Amgen, -0.39%
  • Coca-Cola, -0.39%
  • Visa, -0.11%
  • Honeywell, -0.04%
  • Chevron, -0.02%

S&P/Dow closes at a record level. NASDAQ breaks two day slide

  
Analysis, US Market
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Russell 2000 moves lower

Dow and the S&P closed at record highs once again (3rd day in a row) after reaching new intraday record highs as well. The NASDAQ index broke a two day slide.
The final numbers are showing:
  • Dow up 14.74 points or 0.04% at 35499.61
  • S&P up 13.12 points or 0.29% at 4460.82
  • NASDAQ up 51.12 points or 0.35% at 14816.26
S&P posted to 47th record close for the year.
Dow closed at its it 33rd record close for the year.

Major indices close mixed. Dow down. Nasdaq higher.

  
Analysis, US Market
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Dow moves down over -300 points. S&P down after record close yesterday

The major indices are closing mixed.
  • NASDAQ closes with a three day win streak
  • S&P closes lower after yesterday’s record close
  • Dow, S&P close near session lows
  • Dow was down -325 points at the low. Close just off that low level
  • Dow has its worst day in more than two weeks
  • Russell 2000 closes at session lows
  • communications +0.24%, technology +0.19% show gains
  • energy -2.9%,industrials -1.37%, consumer Staples -1.26%, materials -1.26% we the declines

The final numbers are showing

  • Dow industrial average -323.34 points or -0.92% at 34793.06
  • S&P index -20.46 points or -0.46% at 4402.69
  • NASDAQ index up 19.24 points or 0.13% at 14780.53
  • Russell 2000 fell -27.24 points or -1.23% at 2196.34
If you were an investor in RobinHood, you are saying, “what declines?”.
Those shares of the retail broker surged higher today and reached an intraday high of $85, before moving lower. The price still closed at $70.39, up $23.59 or 50.41% on the day.
Recall the shares went public on Thursday at $38 share and close the first day at $34.82.
Other big gainer today included:
  • Novavax, +18.68%
  • Zoom, +6.91%
  • AMD, +5.5%
  • Roblox, +5.39%
  • Snap, +4.82%
  • Tencent, +4.28%
  • Chewy, +3.94%
  • Crowdstrike, +3.87%
  • Nvidia, +2.33%
The biggest Dow gainer (there were only 2 of 30) were:
  • salesforce, +1.26%
  • Nike, +0.42%
Losers today included:
  • AMC, -11.18%
  • GM, -8.95%
  • Koss, -7.17%
  • Worthington industries -5.18%
  • Ford Motor, -4.99%
  • Bed Bath and Beyond, -4.67%
  • Schlumberger, -4.46%
  • Snowflake, -3.95%
  • Gamestop, -3.78%
  • Delta Air, -3.57%
  • Southwest Air, -3.46%
The biggest Dow losers were:
  • Amgen, -6.46%
  • Chevron, -2.26%
  • Dow, -1.99%
  • Walgreens, -1.98%
  • Caterpillar, -1.89%

US stocks end mixed as rotation trade reverses today

  
Analysis, US Market
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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%

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

  
Analysis, US Market
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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%

Disney boosts Dow into positive territory. The NASDAQ and S&P close lower

  
Analysis, US Market
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Major indices decline for the week

The shares of Disney rose by over 13% and boosted the Dow up by over hundred points alone. That was enough to lift the Dow to a near 50 point gain on the day. However, all the major indices had declines for the week with the S&P leading the way to the downside.

  • S&P posts 3 day losing streak
  • Dow industrial average closes higher for the 1st time in 3 days
  • Russell 2000 has its 6 straight weekly gain as money flows from high cap,to low cap stocks
the final numbers are showing:
  • S&P index fell -4.65 points or -0.13% to 3663.46
  • NASDAQ index fell -27.938 points or -0.23% to 12377.82
  • Dow industrial average rose 46.95 points or 0.16% to 30046.23
for the week:
  • S&P index fell -0.96%
  • NASDAQ index fell -0.69%
  • Dow industrial average fell -0.57%
  • The Russell 2000 gain 0.96% after falling -0.63% today
Some winners today included
  • Disney, +13.59%
  • Goodrx, +9.51%
  • chewy, +9.03%
  • Rackspace, +3.84%
  • Lockheed Martin, +1.78%
  • Microsoft, +1.32%
  • Emerson, +1.3%,
  • Honeywell, +1.25%
Some losers today included:
  • Qualcomm, -7.37%
  • Nio -7.19%
  • Doordash, -6.0%
  • Snowflake, -5.34%
  • American Airlines, -5.17%
  • Corsair, -4.65%
  • Corning, -4.15%
  • Airbnb, -3.93%
Although Doordash and Airbnb make the list of some of the big losers today, their IPOs this week were nothing short of spectacular.
Doordash was priced at $102 and is ending the week at $178.84, while Airbnb was priced at $68 a share and is closing at $139.03.
With all the IPOs being smash before the end of the year, Wall Street is reaping huge rewards. There is no recession there. Meanwhile, there is still no progress on Covid relief today.
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