Middsy swoon threatened the record close, but recovered on the dip
A midday comment by Pres. Trump that we'd see the response to the Iran drone bombing soon, sent the stocks to lows for the day on fears of a military response. In the process, the price of the S&P felll back below the record high close reached on the day's bullish open.
However, later comments from Trump that he thought the bombing was most likely a mistake from over zealous general, suggested a military retaliation was likely not something he or the administration was thinking. That calmed the stock market fears, and a late day rally in the S&P, sent the index back above its all-time record high at 2945.83. It's a record close for the S&P index.
For the Nasdaq index, it too recovered off lows, but still remains below it's record close from May 3rd at 8163.99. The index closed at 8051.34 with a high for the day at 8088.87.
The final numbers are showing:
- S&P index closed at 2954.18 up 27.72 points or 0.95%. The high reached 2958.06. The low extended to 2931.50
- Nasdaq rose 64.01 points or 0.80% at 8051.34. The high reached 8088.879, while the low extended to 7996.87
- Dow rose 249.17 points or 0.94% at 26753.17. The high reached 26798.63. The low reached to 26539.69.
Some winners include:
- Schlumberger, +4.77%
- Adobe, +3.74%
- Emerson, was 3.21%
- down DuPont, +2.82%
- MasterCard, +2.67%
- United Technologies, +2.60%
- Square, +2.42%
- Caterpillar, +2.34%
- Cisco, +2.28%
- Philip Morris, +2.21%
- Intuitive Surgical, 2.13%
- Lockheed Martin, +2.04%
- 3M, +1.89%
- Visa, +1.79%
- Boeing, +1.76%
- Alibaba, +1.66%
- Home Depot, +1.63%
Some losers on the day included:
- Papa John's, -4.03%
- Tesla, -3.01%
- Beyond Meat, -2.43%
- Twitter, -2.34%
- Chewy, -2.06%
- United Continental, -1.71%
- AMD, -1.61%
- UnitedHealth, -0.96%
- Merck, -0.91%
- Delta Airlines, -0.67%
- Verizon, -0.49%
- Bank of America, -0.18%
The IPO of the day was Slack which rose 48.85% from its IPO price. the high reached $42 while the low was at $38.25. The IPO reference price was down at $26 per share
