NASDAQ closed higher for the 2nd straight day. Dow closes marginally higher

Technical Analysis

The S&P gain closes between the Dow and NASDAQ

All the major indices close higher but well off highs and also with differing gains:

The Dow and S&P closed higher for the 3rd straight day. The NASDAQ index is on a today winning streak.

The final numbers are showing:

  • NASDAQ index up 133.67 points or 1.21% at 11190.32. It’s high price extended up to 11244.46. The low price was at 11127.97
  • S&P index closed up 17.61 points or 0.52% the 3401.15. It’s high reached 3419.48 while the low extended to 3389.25
  • Dow industrial average closed up 2.27 points or 0.01% at 27995.60. It’s high reached 28231.06 while the low extended to 27931.45

The NASDAQ index closed near 7% from its all-time high. The Dow industrial average and S&P are closing 5% from their all-time highs.

The Russell 2000 which was the big gainer yesterday was the laggard today. It fell -0.03% after being as high as up 0.91% intraday.

European shares today closed with varying results. The German DAX rose by 0.18% while the UK FTSE 100 close up 1.32%.

The S&P gain closes _between the Dow and NASDAQ After the close, Adobe announced earnings of $ 2.57 vs. $ 2.41 on revenues of $ 3.23 billion vs. estimate $ 3.16 billion. Adobe shares are trading up $ 26.40 to $ 512.31

FedEx also announced better-than-expected earnings-per-share of $ 4.87 vs. $ 2.69. Revenues beat at $ 19.3 billion vs. $ 17.58 billion estimate. Shares are up 3.85% after the close.

Financials slumped in trading today with Citigroup down -6.94%. The only gainer amongst the major financials was Wells Fargo which gained 0.32% on the day.

Financials were hit hard today

Some winners today included:

  • Tesla, +7.09%
  • Square, +6.99%
  • Netflix, +4.15%
  • Qualcomm, +2.76%
  • Stryker, +2.41%
  • Facebook, +2.33%
  • Crowd Strike Holdings, +2.32%
  • Salesforce, +2.05%

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