The major US stock indices snatched victory from the jaws of defeat - especially in the S&P and NASDAQ indices. At session lows, the S&P was down -7.94 points. It is closing up 11.42 points. The NASDAQ index made a bigger comeback after being down -83.43 points and closed up 11.31 points on day.

Although yields were lower for most of the day, perhaps the lower yields eventually gave buyers a guide to push higher.

Having said that some of the high flyers of late close lower:

  • Adobe, fell $-23.36 or -3.7% to $607.14
  • Amazon fell -$1.16 or -0.68% to $169.15
  • Nvidia fell $-11.09 or -1.60% to $682.23
  • Meta fell $-4.69 or -1.02% at $454.72
  • Microsoft fell $-0.16 or -0.04% at $405.49
  • Broadcom fell $-20.45 or -1.65% at $1222.65

The final numbers are showing:

  • Dow Industrial Average Rose 141.22 points or 0.37% at 38521.37
  • S&P index rose 11.42 points for 0.22% at 4954.24
  • NASDAQ index rose 11.31 points or 0.07% at 15608.99

The small-cap Russell 2000 reacting to lower yields rose 16.3 points or 0.85% at 1953.60

After the close there was a slew of earnings. Below are the results of some of the majors vs expectations:

stock
Earnings after the close

In after-hours trading

  • Snap shares are down -31.81%
  • Chipotle shares are up 2.9%
  • Fortinet shares are up 13.66%
  • Ford shares are up 5.8%
  • Amgen shares are down -0.23%
  • Gilead shares are down -2.86%