Technical Analysis

Major US indices close higher for the 3rd consecutive day


The major US stock indices are closing higher for the 3rd consecutive day. The gains are led by the Dow industrial average also for the 3rd consecutive day.

Over that 3 day rally the

  • Dow has increased 3.68%.
  • The S&P is up 2.91%.
  • The NASDAQ index is up 2.64%.

Looking at today’moves, the final numbers are showing:

  • Dow industrial average is up 333.83 points or 1.02% at 33160.82
  • S&P index is up 21.31 points or 0.56% at 3828.10
  • NASDAQ index is up 51.69 points or 0.49% at 10616.21
  • Russell 2000 is marginally lower today at -0.881 points or -0.05% at 1808.92

The big contributors to the Dow rise today came from:

  • Amgen, +5.55%
  • Boeing +3.01%
  • American Express +2.18%
  • Verizon +1.8%
  • Salesforce +1.76%

The biggest losers in the Dow today were:

  • Walgreens -0.78%
  • Walt Disney -0.49%
  • Chevron -0.13%

After the close Disney announced their earnings:

  • earnings-per-share $0.30 vs. $0.55 estimate
  • revenues $20.15 billion vs. $21.24 billion estimate
  • Q4 subscribers 164.2 million vs. 160.45 million estimate

The stock is trading down down $6.56 or -6.57% at $93.33.

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