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US stocks close near session lows

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.

NASDAQ snaps a five day losing streak

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

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

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

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 at record highs

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%

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

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%

US Major indices close lower but it could’ve been worse

No new records today

The major US stock indices all closed lower, snapping the record close string at five.

  • Dow has its worst performance since August 4
  • S&P has its largest decline in nearly a month
  • NASDAQ posts a two day declinne
  • S&P and Dow snap a five day win streak/5 days of record closes
  • The Dow was down over 500 ppoints at it’s lows
  • Consumer Discretionary -2.31%
  • Industrials –1.06%
  • Communication services -0..99%
  • Energy -0.92%
  • Technology fell -0.87%
  • Healthcare rose 1.12%
  • Consumer staples rose 0.34%
The final numbers are showing:
  • S&P index -31.46 points or -0.70% at 4448.25. The index at its low was down -1.39% or -62.14 points
  • NASDAQ felt -137.58 points or -0.93% at 14656.18. The index was down -242.9 points or -1.64% at it’s lows
  • Dow fell -282.122 points for -0.79% at 35343.28. It’s low price was down  -505.009 points or -1.42%
  • Russelll 2000 fell -26.24 points or -1.19% at 2177.17

US stocks close session with mixed results

Dow Jones, S&P give up gains and close in the red. NASDAQ closed mostly higher

The US stock market lost steam into the close with Dow industrial average and the S&P 500 closing in the red and giving up earlier gains. The NASDAQ index squeaked out a small gain on the day.

The final numbers are showing:
  • Dow industrial average -97.11 points or -0.28% at 34838.36
  • S&P index -8.11 points or -0.18% at 4387.15
  • NASDAQ index rose 8.39 points or 0.06% at 14681.07
  • Russell 2000 index fell -10.75 points or -0.48% at 2215.50
As the day went by, lower yields on the back of expectations of slower growth due to the Covid Delta variant, started to weigh on the major indices.  The Dow industrial average was up as much as 256.64 points. The S&P index was up as much as 25.64 points and the NASDAQ index is up as much as 97.7 points before reversing back to the downside and closing near the lows for the day.

More on Chinese stocks being delisted from indexes – this time is MSCI

MSCI move follows this from yesterday: FTSE/Russell says it will delete around 20 Chinese stocks from its indexes

FTSE/Russell said they’ll be deleting around 20 Chinese stocks after feedback on the US Executive Order that halts US investment in firms with links to the Chinese military info
MSCI is similar, will delist from July 26.
China’s abrupt crackdown on Didi hasn’t helped either.

Dow and S&P close at record highs

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%