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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