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Tue, 17th January 2017

Anirudh Sethi Report

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Archives of “DOW JONES TRANSPORTATION AVERAGE” Tag

Overnight US Market :Dow closed -43 points.

Stocks ended mixed Thursday as retailers dominated the news with Macy’s and Kohl’s both plunging following weak holiday-season reports that led the chains to cut their profit forecasts.

Still, the Nasdaq composite’s modest gain of 11 points, or 0.2%, was enough to notch a new all-time high. Settling at at 5487.94, it topped the old record by half a point.

The Dow Jones industrial average finished down 43 points, a 0.2% decline to 19,899.29. Losing 0.1% was the S&P 500, which settled at 2269 even.

nvestors were also focusing on upcoming U.S. jobs data following the publication of the minutes to the Federal Reserve’s last board meeting.

Private U.S. companies added 153,000 jobs in December, according to payroll processor ADP. That total was a bit lower than analysts expected and slightly slower than the pace of hiring for the rest of 2016. The government will issue its own hiring report on Friday.

Overnight US Market :Dow closed +119 points

What a difference a year makes. The U.S. stock market kicked off the first day of trading of 2017 with solid gains, a year after plunging in the opening session of 2016 on its way to its worst week to start a year ever.

The benchmark Standard & Poor’s 500 stock index — which closed up 0.9% to 2258 — posted a gain on the first trading day of a new year for the first time since 2013. Last year, the large-company stock index cratered 1.53% on January’s first trading session — its sixth-worst Day 1 percentage loss and worst annual kickoff since 2001 —   on its way to a worst-ever first week of the year decline of 5.96%, according to S&P Dow Jones Indices. The S&P 500, however, rebounded and finished 2016 up 9.5%.

The Dow Jones industrial average rose as much 176 points before pulling back and finishing up 119 points, or 0.6%, to 19,882. The blue-chip index came within 105 points of 20,000 after a late-year flirtation with the milestone fell short. The technology-packed Nasdaq rose 0.9% and the small-company Russell 2000 stock index, which gained 19.5% in 2016, finished up 0.5%.

Overnight US Market :Dow closed -57 points.Now 237 points short of 20k

Stocks sank on the last trading day of 2016, with the Dow now 237 points short of the 20,000 milestone that it came closest to hitting on Dec. 20.

It was merely a weak end to a very strong year, however, with the S&P 500 gaining 9.5% and the small-company Russell 2000 jumping 19.5% for 2016.

For the day, the Dow Jones industrial average lost 0.3%, off 57 points to 19,762.60. But for 2016, the blue chips gained 13.4%.

The S&P 500 ended 0.5% lower for the day, while the Nasdaq composite fell 0.9%

Global stocks mostly rose on the year’s last day of trading, with Britain’s index rallying to hit another all-time high. The FTSE 100, which was trading for only a half day, rose 0.3%. That leaves the index 14.4% higher over 2016. Elsewhere in Europe, Germany’s DAX rose 0.3%, while France’s CAC 40 gained 0.5%.

Overnight US Market :Dow closed -23 points.

U.S. stocks ended lower Thursday as health care companies took more losses and investors’ Dow 20,000 watch goes on.

The Dow Jones industrial average finished 0.1% lower, down 23 points to 19,918.88, and 81 short of the never-reached 20,000 level. The S&P 500 and Nasdaq composite lost 0.2 % and 0.4%, respectively.

Alibaba (BABA) fell 2.8% after the U.S. government put the Chinese e-commerce company back on a list of marketplaces that sell large amounts of counterfeit goods and is slow to respond when companies complain about knockoffs. Chinese regulators have made similar criticisms.

Benchmark U.S. crude gained about 0.9% to $52.95 a barrel in New York. Energy companies made modest gains.

Bond prices fell. The yield on the 10-year Treasury note climbed to 2.56% from 2.54%.

The dollar dipped to 117.43 yen from 117.54 yen. The euro rose to $1.0455 from $1.0427.

Stocks in Europe were also quiet. The DAX in Germany lost 0.2% and France’s CAC-40 fell less than 0.2%. In Britain, the FTSE 100 got a 0.1% lift. Japan’s Nikkei 225 index edged 0.1% lower and the Hang Seng in Hong Kong lost 0.8%. The South Korean Kospi fell 0.1%.

Overnight US Market :Dow closed + 40 points

Stocks closed slightly higher Monday   with technology and industrial companies rising but the Dow Jones industrial average once again was unable to breach the 20,000 mark.

The Dow Jones index, which closed last week at 19,843.41, has made several attempts to break through the 20,000 mark but each time it’s fallen just short. The index has rallied strongly since the election of Donald Trump as the next U.S. president amid hopes that the incoming administration will be kind to business and back more spending on such things as infrastructure.

“I would be surprised if we’re not trading above 20,000 before the end of the year,” said Craig Erlam, senior market analyst at OANDA. “The Trump rally has stalled a little in recent sessions but so far, I’m seeing few signs that we’re going to see the year out on a negative note.”

The Dow rose 39.65 points, or 0.2%, to close at 19,883.06. The Standard & Poor’s 500 index gained 0.2% to 2262.53 and the Nasdaq composite added 0.4% to 5457.44.

Bond prices rose. The yield on the 10-year Treasury note slid to 2.53% from 2.60% late Friday. That sent interest rates lower and affects the profits banks make from mortgages and other loans. Bank of America shed 1.1% and MetLife  sank 2%.

Government bond yields have climbed recently. Last week the yield on the 10-year note rose to its highest level in more than two years.

In Europe, the FTSE 100 index of leading British shares was up 0.1% while Germany’s DAX gained 0.2%. The CAC-40 in France was 0.2% lower.

The Dow Is The Most Overbought In Over 20 Years (And Options Traders Have Never Been More Bullish)

The Dow Jones Industrial Average has only been more overbought than it is today four times in the last one hundred years.

Having risen for 21 of the last 25 days, The Dow is the most overbought since 1996:

Overnight Dow Jones closed up 65 points.New High Continues….

Stocks gained Thursday, the Nasdaq joining the Dow, S&P 500 and Russell 2000 in record territory as all four indexes hit new all-time closing highs.

After a quiet start, major U.S. stock indexes jumped in afternoon trading as the market built on a surge the previous day. Banks and basic materials companies made the biggest gains, and technology companies also climbed. Defense contractors and other industrial companies took losses.

The small-stock Russell 2000 surged 1.5%.

Meanwhile the Dow Jones industrial average ended up about 65 points, or 0.3%. The Standard & Poor’s 500 index rose 0.2%. The Nasdaq composite jumped 0.4%.

These are the new closing highs for the four indexes:

► Dow: 19,614.81
► S&P 500: 2246.19
► Nasdaq: 5417.36
► Russell 2000: 1386.37

U.S. government bond prices fell, sending yields higher. The yield on the 10-year Treasury note rose to 2.40% from 2.34%. That drove banks stocks up since higher interest rates will allow banks to charge more for lending money. Goldman Sachs (GS), which has surged 32% since the presidential election and is trading at a nine-year high, was up 2.5%, and Bank of America (BAC) picked up 1.7%.

European stocks climbed for the second day in a row. Germany’s DAX index was up 1.8% and France’s CA 40 index gained 0.9%. London’s FTSE 100 rose 0.4%.

Overnight US Market :Dow closed up 298 points.

Stocks rallied Wednesday and continued their record-setting run as the Dow soared almost 300 points and leaped to another new record closing high. The rally was broad-based as the S&P 500, Dow transports and Russell 2000 also set new record closes.

The Dow Jones industrial average jumped 297.84 points, or 1.6%, to an all-time closing high of 19,549.62. The Standard & Poor’s 500 index jumped 1.3% to a record close of 2241.35. The small-stock Russell 2000 index gained 0.9% to an all-time high of 1364.51.

The tech-heavy Nasdaq composite index rose 1.1% to 5393.76, about 5 points shy of its record close.

Stocks moved steadily higher throughout the day after a mixed open. Phone and real estate companies made the largest gains, but the rally moved into high gear in the afternoon, as airlines, railroads and trucking companies soared.

Investors took the rally in transportation stocks as a sign of optimism about economic growth. Technology and consumer-focused companies also jumped. Biotech drug companies took steep losses after President-elect Donald Trump said he wants to reduce drug prices.

U.S. government bond prices rose, sending yields lower. The yield on the 10-year Treasury note fell to 2.34% from 2.39%. Bond yields have risen sharply since the summer but have slipped in the last few days.

Oil prices fell back below $50 a barrel as benchmark U.S. crude dropped 2.3% to $49.77 a barrel in New York.

Overnight US Market :Dow closed +46 points ,S&P 500 up 13 points

U.S. stocks rose Monday as investors sent the Dow Jones industrial average to another record high. Banks put up some of the biggest gains, as did technology companies, which have been mostly left out of a post-election rally. Energy companies were higher as the price of oil reached its highest level since July 2015. Small-company stocks continued to outpace the rest of the market.

The Dow Jones industrial average rose 45.82, or 0.2%, to close at a record 19,216.31. The Standard & Poor’s 500 index gained 0.6% to 2204.71 and the Nasdaq composite index rose 1% to 5308.89.

Small-company stocks again outpaced the rest of the market as the Russell 2000 jumped 1.8%. Thanks to a big rally in November, the Russell is up 17% this year, or more than twice as much as the S&P 500. Smaller companies, which are more domestically focused than large multinationals, could stand to benefit more than larger companies from a pickup in U.S. growth.

Oil prices rose for the fourth day in a row. The gains Monday were modest, but oil prices haven’t been this high since July 2015. Benchmark U.S. oil rose 11 cents to $51.79 per barrel in New York. Brent crude, used to price international oils, gained 48 cents to $54.94 a barrel in London. The price of oil has surged since OPEC countries finalized a deal that will trim oil production starting in January.

Overnight US Market :Dow closed -21 points

Stocks ended mixed Friday after news that the jobless rate has plunged to a nine-year low.

Banks slipped after a huge rally over the last few weeks. Bond prices rose after a string of steep declines, sending yields lower. The Dow Jones industrial average, which closed at a record high a day ago, is down slightly.

The Dow Jones industrial average lost 0.1%. Goldman Sachs, which closed at a nine-year high Thursday, was responsible for the entire loss as it fell 1.5%.

The Standard & Poor’s 500 index was fractionally higher. The Nasdaq composite ended 0.1% higher.

U.S. employers added 178,000 jobs in November as hiring remained steady. However, fewer people looked for work and hourly wages slipped. The results cemented market expectations that the Federal Reserve will raise interest rates later this month. A very weak jobs report would have the last thing that might have stopped the Fed from raising rates.