Nasdaq closes at all time high. Big gains for the techs today

Technical Analysis

Author: Greg Michalowski | nasdaq

Bank earnings kick off earnings tomorrow morning

The US stock are closing with solid gains led by the tech heavy Nasdaq. The Nasdaq closed at a record level and just off the highs.

The summary:
  • The S&P is closing up 24.29 points or 0.88% at 2798.31
  • The NASDAQ is closing up 107.30 points or 1.39% at 7823.92. That is a record
  • The Dow is closing up 224 points or 0.91%
Remember, banks kick start the earnings tomorrow morning with Citigroup, JP Morgan and Wells Fargo reporting. They have not had a great year.

Citigroup closed the year at $74.41. It trades at $68.51
JP Morgan closed 2017 at 106.94. It is closing nearly unchanged at 106.85.
Wells Fargo closed at $60.67. It closed today at $56.03

Winners today:

  • intuitive surgical rose 4.12%
  • Twitter rose 3.19% on upgrades
  • Celgene rose 2.76%.  
  • Adobe rose 2.72%
  • Alphabet rose 2.64%
  • Cisco rose 2.37%
  • Amazon rose 2.37%
  • Intel rose 2.29%
  • Facebook rose 2.19%
  • Microsoft rose 2.17%
and the list goes on....

The big loser today was Broadcom.  It fell -13.76% after its takeover bid for CA was met with not that great of a reception from the investing public. 

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