Nasdaq leads the charge

The major stock indices are ending the session with solid gains:

  • The S&P rose by 35.70 points or 1.34% at 2698.64. The high reached 2702.10. That is the 50% of the move down from the January high
  • The Nasdaq did the best today, rising by 130.10 points or 1.86% at 7143.617. The 50% of the move down from the January high reached 7068.22.
  • The Dow rose by 253 points or +1.03% at 24893. The 50% of its move down comes in at 24988. The high for the day reached 24925 today.

Some of the overachievers on the day include:

  • Chipotle, up 15.31%
  • Alibaba, up 4.13%
  • Nvidia up 3.78%
  • Under Armour up 6.38%
  • Facebook up 3.68%
  • AMD up 3.57%
  • Morgan Stanley up 3.15%
  • Netflix up 2.99%

Underachievers on the day included:

  • Tesla down -0.42%
  • PepsiCo -2.7%
  • McDonalds, -1.46%
  • Proctor and Gamble -0.99%
  • Square -0.62%
  • Phillip Morris-0.47%
  • Wynn Resorts -0.47%

Needless to say, the gains are more broadbased but with the 50% holding in the S&P, there will be interest in the price action tomorrow to see if the recovery can continue through that key technical barometer.

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