Nasdaq up, but off highs
The US stocks are ending the session higher with the S&P and Dow closing near high levels. The Nasdaq are closed with solid gains but more off the highs.
- The S&P closed at 2755.45. That is up 17.14 points or 0.63%. The high reached 2756.82. The low reached 2737.08
- The Nasdaq closed up 47.114 or 0.64% at 7375.96. The high was up at 7400.64. The low reached 7320.88
- The Dow closed up 173.31 points or 0.68% at 25635. The high reached 25651.86. The low extended down to 25444.90.
Winners for the day include:
- AMD, +3.92%
- IBM, +2.56%
- intuitive surgical, +2.42%
- Caterpillar, +2.32%
- Alphabet, +1.51%
- Boeing, +1.32%
- McDonald's, +1.30%
- Twitter, was 1.15%
- Walt Disney, +1.10%
- Celegene, +1.10%
- Apple, +1.08%
Losers for the day include:
- First Solar, -2.5%
- Netflix, -1.46%
- Nike, -1.24%
- Kaiser, -1.22%
- Citigroup, -0.90%
- Intel, -0.88%
- Nvidia, -0.34%
- Goldman Sachs, -0.24%
- American Express, -0.22%
- Wells Fargo, -0.22%
- Home Depot, -0.12%
Technically, the S&P index moved closer to the 200 day MA at 2763.77 (high reached 2756.82). That makes the price action tomorrow key. A move above could solicit more upside. If that MA cannot be broken, traders will look at this test, as a corrective move to the line that keeps the bias bearish.