Nasdaq leads the charge
The major US stock indices are ending the day with modest gains after erasing earlier losses. The indices have now increased for the 3rd straight day, but the corrections are still below the 50% of the moves down from the January highs.
- The 50% of the S&P comes in at 2702.78. The price settled at 2668.84 today up 0.26%
- The 50% of the Nasdaq's decline comes in at 7068.22. The price today settled at 7013.512, up 0.45%
- The 50% of the Dow's decline comes in at 24988.50. The price today settled at 24640, up 0.16% on the day
The 50% retracements will be eyed going forward as the market recovers.
Some overachievers today include:
- Under Armour, up 17.36% on better earnings
- Twitter, up 8.01%. Another big day on institutional interest
- Square, up 5.46%. Jack Dorsey CEO of both Square and Twitter certainly had a good day.
- Tesla, up 2.65%
- United Continental, of 2.43%
- Amazon the, up 2.04%
- Nvidia, up 2.02%
- Pandora media, 3.98%
- Walmart stores up 1.43%
Underachievers for the day include:
- Facebook, -1.5%
- Intel, -0.83%
- Office Depot, -1.59%
- General Motors, -1.43%
- Chipotle, -1.23%
- Chrysler Fiat, -1.19%
- Ford Motor, -1.03%
- General Electric, -1.01%
- McDonald's, -0.92%
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