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

  
Analysis, US Market
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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

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

  
Analysis, US Market
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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%

US indices close lower but rebound into the close eases the pain

  
Analysis, US Market
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NASDAQ index leads the way to the downside

The major indices are closing lower on the day but did rebounded into the close which eased some of the downside pain.
  • Dow close that is lowest level since July 31
  • Amazon, Apple close over 5% lower. Apple closes 20% below its all-time high
  • Twitter plunged 21%
  • Facebook fell -6.3%
  • Major indices post the 2nd straight monthly declines
  • Dow has it’s worst month since March
  • NASDAQ closes nearly 10% below its all-time high
  • S&P closes just 1.21% from the 2019 close
  • S&P closes 9% from all time high
The final numbers are showing:
  • S&P index fell -40.15 points or -1.21% at 3269.96
  • NASDAQ index fell -274 points or -2.45% at 10911.59
  • Dow industrial average fell 157.51 points or -0.59% at 26501.68
Looking at the ranges and changes for the major indices in North America and Europe, Portugal led the way to the upside. Other gainers were the France’s CAC, Spain’s Ibex, and Italy’s FTSE MIB. The NASDAQ index was the biggest loser for the day.
For the week,

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Major indices close lower for the 2nd consecutive day

  
Analysis, US Market
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NASDAQ leads the way lower

The major indices close lower for the 2nd consecutive day. The NASDAQ index was the weakest

of the majors today.

Some highlights:
  • S&P and NASDAQ index is trading lesson 3% from the all-time high
  • Stocks have their first 2 day losing streak since September 18
  • The Dow industrial average turned back for 2020
  • UnitedHealth care was the biggest drag on the Dow
  • Russell 2000 of small-cap stocks fell by -0.93%
The final numbers are showing:
  • The S&P index fell -23.32 points or -0.66% to 3488.61. The high price reached 3527.94. The low price extended to 3480.55
  • The NASDAQ index fell -95.166 points or -0.80% to 11768.73. It’s high price reached 11939.91. The low price extended to 11714.35
  • The Dow industrial average closed down -165.83 points or -0.58% to 28513.98. The high price reached 28792.56. The low extended to 28461.73.

US indices close sharply higher. Dow has best day since July

  
Analysis, US Market
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S&P index has all sectors in the green

The major US stock indices are closing sharply higher on hopes for targeted coronavirus aid

  • All 30 Dow stocks closed in the green
  • All 11 S&P sectors closed higher
  • Dow is up nearly 600 points at the highs
  • Stocks close higher to last 3 trading days
  • Dow closes at the highest level since September 2
  • Dow has best day since July
  • The gains today erased the losses (and then some) from yesterday. Yesterday the S&P fell -1.4%. The NASDAQ index fell -1.57% and the Dow industrial average fell by -1.34%.
The final numbers are showing:
  • S&P index rose 58.47 points or 1.74% at 3419.43. The high reached 3426.26. The low extended to 334.56
  • NASDAQ index closed up 209.99 points or 1.88% at 11364.59. The high reached 11380.55. The low reached 11258.35
  • Dow rose 530.7 points or 1.91% at 28303.46. The hi reached 28369.66. The low extended to 27971.36
Some winners include:
  • First Solar, +7.08%
  • Netflix, +5.71%
  • American Express, +4.35%
  • United Airlines, +4.30%
  • Corning, +4.25%
  • Beyond Meat, +4.0%
  • Salesforce, +3.89%
  • Western Digital, +3.56%
  • Slack, +3.53%
  • Boeing, +3.16%
The worst performing Dow stocks include:
  • Verizon, +0.2%
  • Walmart, +0.2%
  • Merck and Company, +0.51%
Other losers today included:
  • Exxon Mobil, -2.49%
  • GoodRx, -1.14%
  • Lyft, -0.49%
  • Papa John’s, -0.38%
  • Crowdstrike, -0.34%
  • Facebook, -0.27%
  • Raytheon, unchanged

US major indices end lower. Dow, S&P and NASDAQ snap 3 day winning streak

  
Analysis, US Market
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Modest declines ahead of the presidential debate

The US stock market was relatively quiet today. The major indices all fell on the day and in the process snapped a 3 day winning streak for each.  The NASDAQ remains 8% below its record high. The S&P is some 7% below its record high.

The final numbers are showing:
  • S&P index fell -16.13 points or -0.48% to 3335.47
  • NASDAQ index fell -32.27 points or -0.29% to 11085.25
  • Dow fell -131.4 points or -0.48% to 27452.66

US stocks tumble. Major indices have worst day since June (for S&P and Dow) and March (for Nasdaq)

  
Analysis, US Market
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Dow Jones falls -1025 points at its lows

The major indices are closing sharply lower. The major indices declines were the sharpest since June for the S&P and Dow.

For the NASDAQ, you have to go all the way back to March to have a worse trading day.

The Dow industrial average is now back negative in 2020. The declines snaps the S&P and NASDAQ 4 day winning streak. All 11 sectors of the S&P closed lower.
The final numbers are showing:
  • The S&P index fell 125.92 points or -3.52% at 3454.92. S&P index fell -4.28% at its lows
  • The NASDAQ index fell -598.34 points or -4.96% at 11,458.16. NASDAQ index fell -5.77% its lows
  • The Dow fell -808.50 points or -2.78% at 28292.33. Dow industrial average fell -3.52% at its lows

S&P index close at record level. NASDAQ string of record closes comes to an end

  
Analysis, US Market
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5 days in a row of record closes comes to an end for the NASDAQ

Well, the S&P index close at a record level, but could not push above 3500 at the close. It has closed higher for 6 consecutive days. The NASDAQ index failed to extend its 5 day record close string. It fell in trading today. The Dow industrial average also failed to close positive for the year for the 1st time since February 21.

The final numbers are showing:
  • S&P index rose by 5.86 points or 0.17% at 3484.60
  • NASDAQ index fell -39.725 points or -0.34% at 11625.33
  • Dow industrial average rose 160.22 points or 0.57% to 28492.05. It closed -0.16% from the end of 2019 level of 28538.
Airlines and financials did well today.
For the airlines:
  • United Airlines, +5.75%
  • American Airlines, +3.79%
  • Southwest Airlines, +3.49%
  • Delta Air Lines, +2.87%
For the financials:
  • J.P. Morgan, +3.28%
  • Wells Fargo, +2.27%
  • PNC financial, +2.01%
  • Bank of America, +1.96%
  • Charles Schwab, +1.89%
  • Morgan Stanley, +1.74%
  • Citigroup, +1.73%
  • Goldman Sachs, +1.39%
Other oversize winners today included:
  • Box, +4.87%
  • Walmart, +4.55%
  • Marriott, +4.54%
  • Tesla, +4.02%
  • Stryker, +3.85%
  • Northrop Grumman, +2.23%
  • Slack, +2.05%
  • Uber, +1.55%
  • Salesforce, +1.48%
  • Ford, +1.47%
  • MasterCard, +1.42%
  • General Dynamics, +1.37%
Losers today included:
  • Netflix -3.84%
  • Facebook -3.543%
  • Adobe, -3.34%
  • AliBaba, -2.67%
  • AMD, -2.53%
  • Chewy, -2.45%
  • Twitter, -1.66%
  • Exxon Mobil, -1.33%
  • Corning, -1.29%
  • Amazon, -1.26%
  • Apple, -1.19%

S&P and NASDAQ closed at record levels once again

  
Analysis, US Market
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Dow within 1% of unchanged on the year

the S&P and NASDAQ index are closing at record levels once again with strong gains of over 1%. The NASDAQ outperformed with a 1.73% rise. The Dow industrial average was down earlier today but pushed to the upside and is closing within 1% of the closing level from 2019. The NASDAQ index is now up 30% on the year. The S&P is up 7.67%
The final numbers are showing:
  • S&P index up 35.11 points or 1.02% at 3478.73. The high price extended to 3481.07. The low price fell to 3444.15
  • NASDAQ index rose 198.59 points or 1.73% to 11665.06. It’s high price reached 11672.05. It’s low price fell to 11507.46
  • the Dow industrial average rose 83.48 points or 0.3% to 28331.92. It’s high price reached 28353.80, while its low fell to 28153.91
Some oversize gainers included:
  • Salesforce, +26.06%
  • Netflix, +11.59%
  • Adobe, +9.10%
  • Facebook, +8.27%
  • Box, +7.04%
  • Tesla, +6.32%
  • Slack, +5.85%
  • Rack space, +4.05%
  • Uber, +3.53%
  • Chewy, +2.93%

On the downside:

  • Schlumberger: -3.06%
  • United Airlines, -2.75%
  • Wells Fargo, -2.28%
  • Exxon Mobil, -1.84%
  • Southwest Airlines, -1.78%
  • Boeing, -1.7%
  • Bank of America, -1.69%
  • Citigroup, -1.55%
  • J.P. Morgan, -1.39%
  • Papa John’s, -1.18%
  • Pfizer, -0.89%

EuropeFX: Everything you need to know about CFDs trading

  
  Analysis
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What you need to know about trading CFDs

EFX
Contracts-for-difference (CFDs) are popular trading instruments that provide investors with unique potential opportunities to profit in specific markets. This includes taking advantage of certain assets price movement, without actually owning the asset itself.

Thousands of CFDs exist, which are now a common fixture amongst brokerages’ offerings. CFDs are quite simplistic, as profit is calculated as the difference between the entry point of the trade and its exit point.

Popular types of CFDs

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