S&P and Dow close higher for the 6th consecutive day

Technical Analysis

Author: Greg Michalowski | sp

NASDAQ 7-day win streak broken today

The S&P squeaked out a higher close. The Dow industrial average also closed higher. The gains for the day extended the up streak to 6 consecutive days. The NASDAQ index streak of 7 consecutive higher closes was broken as it fell close to 1% on the day.

A look at the final numbers shows:
  • S&P index rose 2.12 points or 0.06% to 3351.532
  • NASDAQ index closed down 97.09 points or -0.87% to 11010.98
  • Dow industrial average closed up 47.74 points or 0.17% to 27434.72
The Dow had his best week since June 5.. The S&P index at its best week since July 2.

For the week the major indices close higher with the Dow leading the way with a 3.81% increase. 

The change for the 1st week of August is showing:
  • S&P index, +2.45%
  • NASDAQ index, +2.47%
  • Dow industrial average +3.8%
Year-to-date, the Dow is within 3.87% of unchanged for the year. 
  • S&P index is up +3.73%
  • NASDAQ index is up and oversized +22.72%
  • Dow industrial average is down -3.87%
Winners today included:
  • First Solar, +13.08%
  • FedEx, +6.57%
  • Marriott international, +3.77%
  • Wells Fargo, +3.47%
  • American Express, +3.46%
  • Travelers, +3.17%
  • Charles Schwab, +2.72%
  • PNC financial, +2.58%
  • General Dynamics, +2.57%
  • Bank of America +2.47%
  • Citigroup, +2.42%
  • Raytheon technologies, +2.29%
  • J.P. Morgan, +2.2% 
  • Berkshire Hathaway, +2.11%. Berkshire Hathaway will announce their earnings tomorrow
Big decliners today included:
  • Tencent, -7.36%
  • Lyft, -6.65%
  • Uber, -5.21%
  • AliBaba, -5.08%
  • Slack, -3.76%
  • Zoom, -3.55%
  • Chewy, -3.23%
  • Adobe, -3.19%
  • Netflix, -2.77%
  • PayPal, -2.63%
  • Qualcomm, -2.53%
  • Tesla, -2.44%
  • Apple, -2.28%
European shares closed mixed led by the German DAX which rose by 0.66%. Spain's Ibex fell by -0.11%.

The percentage changes of the major stock indices this week For the week, European shares closed higher led by the German DAX with a 2.94% day:
  • German DAX, +2.94%
  • France's CAC, +2.21%
  • UK's FTSE 100, +2.28%
  • Spain's Ibex, +1.06%
  • Italy's FTSE MIB, +2.22%
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