S&P rises 1.61%. Nasdaq does better at up 1.77%

It felt like a number of days in 2017 today. The stocks surged in trading today. Bond yields fell. Fed comments were status quo. At the end, Feds Williams did not scare the market and he is a hawk. Happy day.

The numbers:

  • The S&P index is ending the session up 1.60% at 2747.33. The 200 hour MA remains above at 2755.99. That will have to wait until next week (or fail)
  • The Nasdaq is ending up 1.77% at 7337.39 and closing just off the high at 7337.83.
  • The Dow is ending the day up 347.51 points or 1.39% at 25309.99. The high reached 25313.91.

The overachievers included:

  • Chicago Bridge in iron, +3.25%
  • Philip Morris, +3.09%
  • Bristol-Myers Squibb, +3.05%
  • Chevron, +2.48%
  • Netflix, +2.80%
  • Microsoft, +2.54%
  • Cisco, +2.47%
  • AliBaba, +2.45%
  • Facebook, +2.40%
  • Morgan Stanley, +2.24%
  • Caterpillar, +2.23%
  • J.P. Morgan, +2.07%
  • Goldman Sachs, +2.04%

Some underachievers included:

  • First solar, -6.77%
  • Pandora, -4.76%
  • Intuit, -0.19%
  • Square, -0.09%
  • General Electric, -0.07%
  • General Motors, -0.02%
  • Walmart +0.17%
  • Boeing, +0.22%

Another underachiever was Amazon. Although was up 0.99% at $1500, it lagged the major indices trading today. Shame on you Amazon.