Dow posts a record close. Nasdaq underperforms.

Russell 2000 falls -2.8% The Dow is closing at a record close. The Nasdaq lagged with the Russell 2000 of small-cap stocks taking it on the chin.   The final numbers are showing: S&P index fell -3.35 points or -0.08% at 3971.19 Nasdaq fell -79.07 points or -0.60% at 13059.64 Dow rose 98.43 points or 0.3% at 33171.31 The small-cap […]

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An ugly day for the NASDAQ. Major indices close at lows

Dow turns negative at the close It was an ugly day for the NASDAQ index. It fell 2% on the day on a decline of 265.8 points. The S&P index and Dow were down more modestly but both closed at the session lows.  The declines today cannot be blamed on yields moving higher. The treasury curve is lower across the board with […]

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Nasdaq closes higher for the 2nd consecutive day and leads the indices higher

Dow and S&P lag. Russell 2000 closes lower for the 2nd time in 3 days The NASDAQ close higher for the second consecutive day. It led the major indices higher with the S&P and Dow lagging well behind. The small-cap Russell 2000 index lags with a decline of -0.90%. The final numbers are showing: S&P index +27.48 points or 0.70% at […]

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Dow and S&P close at record levels. NASDAQ erased its earlier declines

Major indices off highs as well The Dow and S&P indices both closed at record highs after Fed Chair Powell and Fed continue to steer the soft policy course with not a lot of concern for inflation and expectations for stronger growth. The final numbers are showing: S&P index up 11.41 points or 0.29% at 3974.12. The high reached […]

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Dow up 200 points. Nasdaq extends back above its 100 day moving average

S&P index also higher The comments from Feds Kashkari and Bullard, seem to have given the stock market a boost.  .  The 10 and 30 year yield are in the red now with the 10 year down -0.5 basis points and the 30 year down -3.6 basis points.   The major indices currently show: S&P index up 18.48 points or 0.49% at 3786.88 NASDAQ […]

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S&P & NASDAQ post 3 day losing streak. Dow breaks 2-today record close streak

Dow closes lower for the 1st time in 4 days The major US indices close lower across the board. The S&P and NASDAQ extended the losing streak to 3 days. The Dow meanwhile joined those indices after 2 consecutive days of record closes. The indices tried to rally in the last hour but reversed lower into the close.  The S&P and NASDAQ 3 days […]

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