US stocks end the week on a strong note

Technical Analysis

All major indices higher

All the major indices are closing the session with gains. The day was led by the NASDAQ index

  • NASDAQ has its best day since May 20
  • NASDAQ higher for the third straight week
  • S&P has its best day since May 24
  • Dow and S&P higher for the second straight week

A look at the closes shows:

  • S&P index rose 37.04 points or 0.88% at 4229.89. The high price reached 4233.45. That was just short of its all-time high of 4238.04
  • NASDAQ index rose 199.90 points or 1.47% at 13814.49. The high price reached 13826.82. The low extended to 13692.01
  • Dow industrial average rose 179.35 points or 0.52% at 34756.39. The high price reached 34772.12. The low price extended to 34618.69
  • Russell 2000 index closes up 7.16 points or +0.31% at 2286. It’s high price reached 2293.67. The low price extended to 2277.39

The biggest gain or of the Dow 30 was salesforce with a gain of 2.28%.

The biggest loser in the Dow 30 was Travelers at -0.63%.

Outside of the Dow 30, below is a list of some of the other bigger winners for the day. Roblox which recently IPO would near the $70 level, traded above $100 this week.  Nvidia is cracking above the $700 level of the first time:

Losers today included the recent Meme gainers.  Blackberry fell -12.78%. AMC fell -6.53% and Gamestop fell -3.89% .

For the trading week, the major indices all rose modestly:

  • S&P rose 0.69%
  • NASDAQ rose 0.57%
  • Dow rose 0.85%

Invest in yourself. See our forex education hub.

Articles You May Like

EUR/CHF Price Prediction: Falling lower after break out from Triangle pattern
cc edge higher after Russia-Ukraine tensions escalate
Oil prices firm as geopolitical tensions raise supply concerns
Dow Jones Industrial Average soars another 350 points
Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year