S&P index closes above its 200 day MA for the first time since December 2018
Solid gains for all the major indices
The major indices are closing higher today with the S&P closing above it's 200 day MA for the first time since early 2018. The Dow snapped a 4 day losing streak.
The final numbers are showing:
- The S&P index rose 34.93 points or 1.29% at 2744.73. The 200 day MA comes in today at 2743.35. The high reached 2748.19
- The Nasdaq closed up 106.71 points or 1.46% at 7414.61. The high reached 7419.43. The low extended to 7349.80
- The Dow rose 372.65 points or 1.49% at 25425.76. The high reached 25458.98.
The rise today came on the back of hopes that the goverrnment would avert a shutdown and on hopes that as the clock ticks to the March 1st deadline for a China/US deal, that there will be some progress and perhaps a delay in the tariff hike if deemed that a deal is forthcoming.
Disney and McDonalds were the only Dow decliners today. The biggest Dow gainers were:
Some high flying winners today included:
- Caterpillar, up 2.88%
- 3M, up 2.8%
- DuPont, up 2.6%
- Intel, up 2.54%
- United Health, up 2.46%
- Merck, up 2.35%
- Micron, up 4.72%
- Netflix, up 4.12%
- Nvidia, up 3.22%
- Amazon, up 2.95%
- Alphabet, up 2.41%