There is a higher closer for the major indices for the 2nd consecutive day with the Nasdaq leading the way also for the 2nd day in a row.
The Dow which moved over 700 points yesterday but only rose by 48 points today. The S&P also had a modest rise relative to the 105.84 rise yesterday.
The final numbers are showing:
- Dow industrial average rose up 47.79 points or 0.05% at 31874.85
- S&P index rose 23.19 points or 0.59% at 3959.89
- NASDAQ index rose 184.51 points or 1.58% at 11897.66
- Russell 2000 a rose 28.62 points or 1.59% at 1827.94
The best performer in the S&P sectors that showed:
- communications, +1.6%
- consumer discretionary, +1.6%
- technology, +1.5%
The worst performers were:
- utilities -1.3%
- healthcare -0.9%
- consumer staples -0.7%
After the close, Tesla reported higher than expected earnings, but revenues came up short of expectations
- earnings-per-share $2.27 adjusted vs. $1.81 estimate
- revenues $16.93 billion vs. $17.10 billion estimate
Tesla shares are trading up around $30 or 4.11% him
This article was originally published by Forexlive.com. Read the original article here.