Still....stocks are liking growth and Fed cut potential
Honestly, the debate on "will they/should they/won't they/could they" willl continue, but stocks seem to be going with the idea a cut is ahead and growth continuing. The Nasdaq and the S&P both traded to new session highs into the close but there seems to be some profit taking ahead of the close. The Dow fell short of new highs in the last hour. Nevertheless, the indices are ending with ok gains. The market is ending the session up for the 3rd day in a row now.
The final numbers are showing:
- The S&P index is closing up 8.60 points or 0.30% at 2926.44. The high reached 2931.74 in the last half hour of trading, but backed off into the close
- The Nasdaq is closing up 33.44 points or 0.42% at 7987.32. The high reached 7998.59. The low reached 7930.38
- The Dow is closing up 38.19 or 0.14% at 26503.73. The high reached 26569.75. The low reached 26415.05
Some winners:
- Adobe +5.21%
- UNITEDHEALTH, was 123%
- Bristol-Myers Squibb, +1.80%
- Netflix, +1.79%
- Intuit, +1.72%
- General Mills, +1.64%
- United Continental, +1.44%
- Walt Disney, +1.34%
- Stryker, +1.17%
Some losers on the day include:
- Chewy, -6.66%
- Charles Schwab, -2.52%
- Boeing, -1.43%
- Bank of America, -1.05%
- Micron, -1.02%
- Twitter, -0.98%
- Wells Fargo, -0.98%
- PNC financial, -0.88%
- J.P. Morgan, -0.75%
- Intel, -0.63%
- Citigroup, -0.59%
