NASDAQ closed higher for the 2nd straight day. Dow closes marginally higher

Technical Analysis

Author: Greg Michalowski | sp

The S&P gain closes between the Dow and NASDAQ

All the major indices close higher but well off highs and also with differing gains:

The Dow and S&P closed higher for the 3rd straight day. The NASDAQ index is on a today winning streak.

The final numbers are showing:
  • NASDAQ index up 133.67 points or 1.21% at 11190.32. It's high price extended up to 11244.46. The low price was at 11127.97
  • S&P index closed up 17.61 points or 0.52% the 3401.15. It's high reached 3419.48 while the low extended to 3389.25
  • Dow industrial average closed up 2.27 points or 0.01% at 27995.60. It's high reached 28231.06 while the low extended to 27931.45
The NASDAQ index closed near 7% from its all-time high. The Dow industrial average and S&P are closing 5% from their all-time highs.

The Russell 2000 which was the big gainer yesterday was the laggard today. It fell -0.03% after being as high as up 0.91% intraday.

European shares today closed with varying results. The German DAX rose by 0.18% while the UK FTSE 100 close up 1.32%.

The S&P gain closes _between the Dow and NASDAQ After the close, Adobe announced earnings of $2.57 vs. $2.41 on revenues of $3.23 billion vs. estimate $3.16 billion. Adobe shares are trading up $26.40 to $512.31

FedEx also announced better-than-expected earnings-per-share of $4.87 vs. $2.69. Revenues beat at $19.3 billion vs. $17.58 billion estimate. Shares are up 3.85% after the close.

Financials slumped in trading today with Citigroup down -6.94%. The only gainer amongst the major financials was Wells Fargo which gained 0.32% on the day.

Financials were hit hard today
Some winners today included:
  • Tesla, +7.09%
  • Square, +6.99%
  • Netflix, +4.15%
  • Qualcomm, +2.76%
  • Stryker, +2.41%
  • Facebook, +2.33%
  • Crowd Strike Holdings, +2.32%
  • Salesforce, +2.05%
For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose