HimMajor indices closing near the lows

The major US indices are closing lower on the day.

  • The NASDAQ breaks a 5 day win streak.
  • The major indices are also closing near the lows for the day.
  • No records after the S&P and Nasdaq after record closes yesterday. The S&P did extend to a intraday record high. The NASDAQ however could not get to the recent all time high price

The final numbers are showing:

  • S&P index -5.78 points or -0.15% at 3849.58
  • NASDAQ index -9.926 points or -0.07% at 3626.06
  • Dow industrial average fell -22.9 points or -0.07% at 30937.04

Although the major indices moved lower today, the Gamestop (GME) did not care. It rose another 88.3% to $144.37 as the short squeeze continues.

Adding more fuel to the bullish fire, after the close Microsoft beat on the top and bottom line earnings by a lot.

  • Azure revenues increase the 50% (better than expected).
  • Q2 revenues came in at 43.08 billion vs. 40.20 billion estimate.
  • The EPS came in at 2000 $0.03 vs. an estimate of $1.64.
  • Guidance will be provided during the earnings call
  • productivity revenues 13.35 billion vs. 12.94 billion estimate
  • intelligent cloud revenues 14.6 billion vs. estimate 13.75 billion
  • more personal computing revenues 15.12 billion vs. 13.55 billion

GME has already traded to $183 in after hour trading. That's another 27%. Meanwhile poor MSFT is only up 5.6% in after hours trading.