Record closes across the board with small caps/NASDAQ leading the way, but some market big cap favorites not joining in.

Technical Analysis

Author: Greg Michalowski | nasdaq

Russell index rises by 2.36%.

The major indices are all closing at record high levels, with today the Dow Industrial Average joining the S&P, Nasdaq and smaller cap Russell 2000 index (they each closed at records on Friday).   The indices are also closing near the highs for the day.

Leading the way is the Russell 2000 which is up 2.2%. The NASDAQ rose by 0.95% and closed at the highs. 

Of interest is that despite the solid gains, those gains were made without participation materially from Amazon (-0.87%), Netflix (-0.52%), Alphabet (-0.21%), Salesforce (-0.04%),Microsoft (+0.11%) and Apple (+0.11%).  Is the market telling us something about big cap tech stocks?

The final numbers are showing:
  • S&P index rose 20.76 points or 0.74% to 3915.59. That was just off the high at 3915.77. 
  • NASDAQ indexrose 131.345 points or 0.95% to 13987.64. The hi for the day reached 13987.73
  • Dow industrial average rose 237.52 points or 0.76% to 31385.76. The high for the day reached 31386.10
  • Russell 2000 is trading up 52.6 points or 2.36% at 2285.913.  It too is just off the high.

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