It was time for the laggard indices to take control today. Both the Dow industrial average and the Russell 2000 of small-cap stocks outperformed the NASDAQ which is been the big outperformer in 2023.
The final numbers for the day are showing:
- Dow industrial average rose 797 points or 2.12% at 33762.59. That was the strongest percentage gain since January 6 when that index rose 2.13%
- S&P index rose 61.34 points or 1.45% at 4282.35. The S&P is closing the 2nd week in a row above its 100-week moving average (at 4199.50). The gain today was the largest sense May 5.Bullish.
- NASDAQ
NASDAQ
The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass
The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass
Read this Term index rose 139.77 points or 1.07% at 13240.76. The low price this week in the NASDAQ stalled right against its 100-week moving average
Moving average
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot
Read this Term at 12889.20. The high price and close extended above the fit percent midpoint of the move down from the all-time high in 2022 at 13150.53. Bullish.
- Russell 2000 index of small-cap stocks surged 62.96 points or 3.56% to 1830.905. That gain was the largest since November 10, 2022 when the index soared by 6.108%
Year to date, the Russell 2000 and Dow Industrial Average have lagged the other broader and tech heavy indices. For the 2023 trading year
- Dow Jones industrial average is up 1.86%
- S&P index is up 11.54%
- NASDAQ index is up 26.51%
- Russell 2000 is up 3.95%
For the trading week, the snapshot shows:
- Dow Jones industrial average up 2.02%
- S&P index up 1.83%
- Nasdaq up 2.04% and up for the 6th consecutive week.
- Russell 2000 up 3.26%
A good day for all US indices and a good week as well.