Major indices all close at record levels

Technical Analysis

Big earnings week next week

The major indices are closing at record levels.

  • Dow 238.34 points or 0.68% at 35,061.69.  The previous record close was at 34987
  • S&P rose 44.33 points or 1.02% at 4411.81. The previous record close was at 4384.64
  • Nasdaq rose 152.39 points or 1.04% at 14,836.99. The previous record close was at 14733
  • Russell index rose 10.17 points or 0.46% at 2209.65

Other highlights for today: 

  • The energy sector is the only sector lower today. Energy and utilities were lower this week
  • Facebook closes above $1 trillion market capitalization for the first time ever
  • Major indices rose for the fourth consecutive day
  • Dow closes above 35,000 for the first time ever

Next week is a huge week for earnings.

Companies expecting to announce include:

  • Amazon
  • Apple
  • Alphabet
  • Facebook
  • Microsoft
  • Starbucks
  • Tesla
  • AMD
  • McDonald’s, 
  • PayPal
  • MasterCard
  • Etc.

For the week, month and year to date:

  • Dow rose 1.09% for the week. For the month the Dow is up 2.54%. Year-to-date 14.57%
  • NASDAQ rose 2.83% for the week. For the month the NASDAQ is up 3.24%. Year-to-date 15.11%
  • S&P rose 1.96% for the week. For the month the S&P is up 3.41%. Year-to-date 17.47%

Invest in yourself. See our forex education hub.

Articles You May Like

7 stocks with solid quarterly performance, yet down 25% in recent slump
Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king
Yen Staying Soft on Rising US Yields, Aussie Vulnerable to Further Declines Ahead of RBA Minutes
Australia’s Fiscal Challenges: Treasurer Chalmers’ Economic Update
EUR/CHF Price Prediction: Falling lower after break out from Triangle pattern