Tag: S&P 500 (CME:SP500)

The U.S. stock market climbed to record levels and closed out Friday trading at their session highs, with Wall Street wrapping up the week with solid gains amid rising optimism that a full reopening is right around the corner.

The DOW rose fell just short of a +300 point day, gaining 297.03 points or +.89% to 33,800.60, notching a record closing high. The S&P 500 gained +0.8% to 4,128.80, hitting its third straight record close, and the NASDAQ edged up +0.5% to close at 13,900.19.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.9%% and +.2.7%, respectively. The NASDAQ finally joined the party, gaining +3% on the week, issuing a new green weekly Trade Triangle indicating that it's now back in a long-term uptrend with a Chart Analysis Score of +100.

Key Levels To Watch Next Week:

Continue reading "DOW Makes Record Run Late Friday" →

The S&P 500 crossed $4,000 for the first time in its history on Thursday, rising +1.2% to a fresh record close of 4,019.87 as Wall Street built on a solid March following the rollout of President Joe Biden's infrastructure plan. The DOW climbed 171.66 points or +0.5%, to 33,153.21, and the NASDAQ jumped +1.8% to 13,480.11.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.1% and +.24%, respectively. The NASDAQ fell +2.60% on the week. However, the market rally has slowed down in recent weeks as rising interest rates, and valuation concerns hit tech names. Continue reading "S&P 500 Hits Record Close" →

Stocks soared on Friday, finishing the volatile week on a high note, having their best day in more than two weeks.

The DOW closed 453.40 points higher or +1.4%, to 33,072.88. The S&P 500 rose +1.7% to 3,974.54, hitting a record closing high, and the NASDAQ erased a -0.8% loss to end the session +1.2% higher to 13,138.72. All three indexes rallied to their session highs into the close.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.4% and +1.6%, respectively. The NASDAQ fell -0.6% on the week. However, the market rally has slowed down in recent weeks as rising interest rates and valuation concerns hit big tech stocks. Continue reading "Stocks Finish Volatile Week On High Note" →

The DOW slid 234.33 points or -0.7%, to 32,627.97 on Friday, pressured by Visa and JPMorgan. The S&P 500 dipped -0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The NASDAQ gained +0.8% to 13,215.24 as investors bought the dip in tech shares which had been putting pressure on the market after continuing to selloff earlier in the week. Facebook gained +4%, while Amazon and Netflix rose about +1.5% each.

On a weekly level, The DOW and the S&P 500 lost -0.5% and -0.8%, respectively, this week, breaking their two-week win streak. The NASDAQ also declined -0.8% for the week, posting its fourth negative week in the last five. Continue reading "Tech Selloff Continues To Pressure Market" →

The DOW climbed 293.05 points or +0.9%, a record close at 32,778.64. The S&P 500 erased earlier losses and inched up +0.1%, eking out a record close of 3,943.34, and the NASDAQ shed +0.6% as rates surged once again, putting pressure on the tech sector. Alphabet and Facebook dropped 2% each, while Apple, Amazon, and Microsoft closed in the red.

On a weekly level, the DOW and S&P 500 both triggered new green weekly Trade Triangles this week on their way to another record close. The DOW gained +4.07% on the week, with the S&P followed with a gain of +2.6%. The NASDAQ was able to bounce back after three straight weeks of losses with a weekly gain of +3.09%, but it wasn't enough to trigger a new green weekly Trade Triangles; thus, the Chart analysis score remains +55, in a sidelines position. Continue reading "Another Record Close For DOW And S&P 500" →