Dow is up 396 points at session high
The US stock markets rolled over into the close with the Nasdaq leading the declines. The S&P winning streak of 3 days was snapped. The Dow closed higher but gave up nearly all of its close to 400 point gain at the session highs.
The final numbers are showing:
- S&P index -15.71 points or -0.46% at 3385.49
- NASDAQ index -139.85 points or -1.25% at 11050.40
- Dow up 36.78 points or 0.13% at 28032.38.
The big news today – in stocks that is – was a couple of IPOs.
JFrog was priced at $ 44 a share and closed at $ 64.79 after trading as high as $ 77.
The other was snowflake which was priced at $ 120 a share and closed at $ 253.93. It traded as high as $ 319. Snowflake was the largest ever software IPO.