Middsy swoon threatened the record close, but recovered on the dip

A midday comment by Pres. Trump that we'd see the response to the Iran drone bombing soon, sent the stocks to lows for the day on fears of a military response. In the process, the price of the S&P felll back below the record high close reached on the day's bullish open.

Middsy swoon threatened the record close, but recovered on the dip

However, later comments from Trump that he thought the bombing was most likely a mistake from over zealous general, suggested a military retaliation was likely not something he or the administration was thinking. That calmed the stock market fears, and a late day rally in the S&P, sent the index back above its all-time record high at 2945.83. It's a record close for the S&P index.

For the Nasdaq index, it too recovered off lows, but still remains below it's record close from May 3rd at 8163.99. The index closed at 8051.34 with a high for the day at 8088.87.

The final numbers are showing:

  • S&P index closed at 2954.18 up 27.72 points or 0.95%. The high reached 2958.06. The low extended to 2931.50
  • Nasdaq rose 64.01 points or 0.80% at 8051.34. The high reached 8088.879, while the low extended to 7996.87
  • Dow rose 249.17 points or 0.94% at 26753.17. The high reached 26798.63. The low reached to 26539.69.

Some winners include:

  • Schlumberger, +4.77%
  • Adobe, +3.74%
  • Emerson, was 3.21%
  • down DuPont, +2.82%
  • MasterCard, +2.67%
  • United Technologies, +2.60%
  • Square, +2.42%
  • Caterpillar, +2.34%
  • Cisco, +2.28%
  • Philip Morris, +2.21%
  • Intuitive Surgical, 2.13%
  • Lockheed Martin, +2.04%
  • 3M, +1.89%
  • Visa, +1.79%
  • Boeing, +1.76%
  • Alibaba, +1.66%
  • Home Depot, +1.63%

Some losers on the day included:

  • Papa John's, -4.03%
  • Tesla, -3.01%
  • Beyond Meat, -2.43%
  • Twitter, -2.34%
  • Chewy, -2.06%
  • United Continental, -1.71%
  • AMD, -1.61%
  • UnitedHealth, -0.96%
  • Merck, -0.91%
  • Delta Airlines, -0.67%
  • Verizon, -0.49%
  • Bank of America, -0.18%

The IPO of the day was Slack which rose 48.85% from its IPO price. the high reached $42 while the low was at $38.25. The IPO reference price was down at $26 per share