NASDAQ index closes the week at a record. Trades to a record intraday high as well

Technical Analysis

Dow and S&P close lower

The US major stock indices are closing with mixed results. 

Some highlights for the major indices:

  • The NASDAQ index closed at a record level. The index rose 63.74 points or 0.4% to 16,057.45. The index reached an intraday new all time high at 16,121.12. The low extended to 16017.23.  The NASDAQ index closed above 16,000 for the first time ever
  • The S&P index stretch to just 1 point short of reaching a new all-time intraday high at 4718.50. The high price today reached 4717.75. The price rotated lower after the failed attempt. The index is closing at 4697.95. That is down -6.6 points or -0.14%. The S&P closed at a record level on Thursday, but not today
  • The Dow industrial average was down for most of the trading day. The index fell -268.97 points or -0.75% to 35601.99.  The large declines to the index down -315.58 points or -0.8%. The high price for the index up a small 8.14 points or 0.02% 

Losers today included 

  • Energy 
  • Financials, and
  • Healthcare 

The winners included 

  • Technology, 
  • Consumer discretionary, and 
  • Utilities

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