The major US indices are ending the day lower but losses are somewhat modest. Even Trumps claim that big tax cuts are coming next week did not have an impact. France elections this week helped to keep the lid on equities.
For the day:
S&P ended down -0.30% to 2248.69. The high reached 2356.18. The low 2344.51. The index failed to close above the 50 day MA this week at 2357.42 despite a few tries to break back above. That is a little more bearish at the end of the week and something to watch in the early part of next week.
One day after closing at a record level, the Nasdaq is closing at 5910.52 down -6.254 points or -0.11%
The Dow fell by -30.95 points or -0.15%
For the week:
S&P indeix is ending the week with a gain of 0.85%
The US major stock indices are going in the red but well off the lows.
S&P index is closing down -0.29% at 2342.18. The low reached 2334.54. The high peaked at 2348.35
Nasdaq index is ending down -0.12% at 5849.47. The low for the day reached 5828.56 while the high peaked at 5860.04
The Dow fell -113.64 points to 20523.28. The high stalled at 20600.12. The low 20462.28. The Dow was hurt by Goldman Sachs which fell -4.72% and Johnson & Johnson, which was down over 3%. Both had disappointing earnings.
Late day rally takes the major indices to highs. Impressive gains for the day.
The US major indices were given a late day push on comments from Treasury Secretary Mnuchin that tax cuts may still be forthcoming in 2017. That helped the indices to new session highs. We are closing near the day highs as well.
The S&P is closing up 20.06 points or +0.86% to 2249.01. The high reached 2249.14. The low 2332.51. The 50 day MA comes in at 2353.13. A move back above that MA would be more bullish for the S&P
The Nasdaq is closing at 5856.789, up 51.639 points or +0.89%. Like the S&P it is closing at the highs for the day.
The Dow rose by 183.67 points to 20636.92. The low reached 20484.75. The high extended to 20644.41.
S&P down -0.68%. Nasdaq down -0.53%. Dow down -0.67%
The US stocks are ending the session at the lows.
The indices were up marginally earlier in the day. Then a report that the US had dropped the “Mother of all Bombs” on a mountain range in eastern Afghanistan sent both bond yields and stocks lower. President Trump called the bombing a “very, very successful mission”. Wall Street thought otherwise.
The major indices showed:
S&P down -0.68% to 2328.96. The high reached 2348.26
Nasdaq closed at the lows down -31 points to 5805. The high reached 5856 at the peak
Dow closed down 138.61 to 20453. The high peaked at 20612.27.
Yesterday, the S&P closed below its 50 day MA. That MA comes in at 2351.91 today.
The major US stock indices are all closing lower. Moreover the S&P index is closing below it’s 50 day MA for the first time since the 8th of November. The 50 day MA comes in at 2350.92. Yesterday, the price fell below that MA line (it also fell below on March 27th) but recovered by the close. Today, was not so lucky as the price is not only closing below the MA line, but also closing nearer the low.
The Nasdaq is closing down -30.612 points or -0.52%
The Dow industrial average is closing down -59.44 points or -0.29%
For your guide the 50 day MA comes in 5828.43. The index settled at 5826.16 today.
The major US Indices are ending the session with modest gains. This despite some geopolitical risks intensifying a bit. The market is not all that concerned about Syria, N.Korea or what might come out of Pres. Trumps meetings with China’s Xi Jingping.
The S&P is ending the session at 2357.49, up 4.54 points or 0.19%
The Nasdaq composite index is up 14.472 points or 0.25% to 5878.949