Major US stock indices end the day lower. The excuse would be that the debt ceiling talks have stalled (for now), but if there is a lot of concern, the stock market will drop much more.
Technically, however, the S&P could not close above the 4200 normal (closes at 4191.99), nor could the S&P price close above its 100-week moving average at 4201.1. Close but no cigars. This may be problematic from a technical perspective. It would take a move above the 100-week moving average next week to give buyers more ammunition for further investigation to the upside. Absent that and we could be in stock for a corrective week.
The S&P closes below the 100-week moving average
Although they closed lower, the major indices closed higher for the week.
The final figures show:
- Dow Industrial Average -109.30 points, or -0.33%, at 33,426.64.
- S&P -6.07 points, or -0.14%, at 4,191.99
- The Nasdaq Index -30.95 points, or -0.24%, at 12,657.89
For the trading week, Major pointers
pointers
Stock market indices are an indicator that measures a specific stock market or a sector of the stock market. These tools are important for investors because they help compare current price levels with previous prices to calculate market performance, and the main criteria for indicators are that they are investable and transparent. For example, investors can invest in a stock market index by purchasing an index fund, which is organized either as a mutual fund or an exchange-traded fund, and track
Stock market indices are an indicator that measures a specific stock market or a sector of the stock market. These tools are important for investors because they help compare current price levels with previous prices to calculate market performance, and the main criteria for indicators are that they are investable and transparent. For example, investors can invest in a stock market index by purchasing an index fund, which is organized either as a mutual fund or an exchange-traded fund, and track
Read this term top closes:
- The Dow Jones Industrial Average gained 0.38%.
- The S&P closed up 1.65%.
- The Nasdaq was the upstart, up 3.04%.
Among the big winners were AI stocks:
- Nvidia stock rose 10.31%
- alphabet + 4.48%
- Microsoft + 3.03%
Another AI stock, Adobe is up 3.05% today and was up 10.73% for the week. Adobe will report its earnings on June 15th. Nvidia will announce its earnings next Wednesday after the close. both of them profits
earnings
A company’s earnings represent its earnings or net interest as a result of its operations. Earnings are the net benefits of a company’s operations. Earnings can be calculated as EBIT, that is, earnings before interest and taxes, and EBITDA, that is, earnings before interest, taxes, depreciation, and amortization. Dividends are valuable tools for investors in a company’s stock as they can often highlight a company’s financial condition and performance. Better performance can boost the share price
A company’s earnings represent its earnings or net interest as a result of its operations. Earnings are the net benefits of a company’s operations. Earnings can be calculated as EBIT, that is, earnings before interest and taxes, and EBITDA, that is, earnings before interest, taxes, depreciation, and amortization. Dividends are valuable tools for investors in a company’s stock as they can often highlight a company’s financial condition and performance. Better performance can boost the share price
Read this term It will be important in the short term for the AI euphoria.
The KRE Regional Banks Index Etf closed lower on the day by -1.78%, but remained up by 7.81% over the week on lower banking concerns. Neverthless, Department of the Treasury. Yellen has warned that there could be more consolidation in the banking sector, reversing earlier gains.
note. Technically, KRE price tested the 200 hourly moving average at today’s highs (at $40.36 – green line) before rotating lower. It didn’t help as recent price history shows, the 200 hourly moving average is a level that sellers can rely on. However, the price closed above the 100 hourly moving average at $37.88. The price is in a technically neutral area between the 100 and the 200 hourly moving averages.
KRE ETF