It is time for slow indicators to take over today. The Dow Industrial Average and the Russell 2000 small-cap index have both outperformed the Nasdaq, which was the best performer in 2023.
The final numbers for the day show:
- The Dow Jones Industrial Average rose 797 points, or 2.12%, at 33,762.59. It was the strongest percentage gain since Jan. 6 when that index rose 2.13%.
- The Standard & Poor’s Index rose 61.34 points, or 1.45%, to 4,282.35 points. The S&P closes for the second week in a row above the 100-week moving average (at 4,199.50). Today’s gain was the largest on May 5th.
- Nasdaq
Nasdaq
The Nasdaq Stock Exchange or NASDAQ is an American stock exchange. It tracks only the New York Stock Exchange (NYSE) by market capitalization and is part of a network of stock exchanges and options exchanges. Launched in 1971, NASDAQ is an acronym for National Association of Automated Quotations of Securities Dealers. It has since been known simply as NASDAQ and has become one of the most influential stock exchanges around the world. NASDAQ was the world’s first electronic stock market, and it has been going ever since
The Nasdaq Stock Exchange or NASDAQ is an American stock exchange. It tracks only the New York Stock Exchange (NYSE) by market capitalization and is part of a network of stock exchanges and options exchanges. Launched in 1971, NASDAQ is an acronym for National Association of Automated Quotations of Securities Dealers. It has since been known simply as NASDAQ and has become one of the most influential stock exchanges around the world. NASDAQ was the world’s first electronic stock market, and it has been going ever since
Read this term The index rose 139.77 points, or 1.07%, to 13,240.76 points. The NASDAQ 100-week low has completely stalled this week moving average
moving average
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a given number of data points over a specified period of time, and then plotting that average as a line on the graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In the financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a given number of data points over a specified period of time, and then plotting that average as a line on the graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In the financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
Read this term at 12889.20. The price extended high and closed above the appropriate percentage midpoint for a move down from the all-time high in 2022 at 13,150.53. rising.
- The Russell 2000 index of small stocks rose 62.96 points, or 3.56%, to 1,830,905. This gain was the largest since November 10, 2022 when the index rose by 6.108%.
Year-to-date, the Russell 2000 and Dow Industrial Average have lagged behind other broader, technical-heavy indices. for the trading year 2023
- The Dow Jones Industrial Average rose 1.86%.
- S&P rose 11.54%
- The Nasdaq index is up 26.51%.
- Russell 2000 up 3.95%
For the trading week, the snapshot shows:
- Dow Jones Industrial Average rose 2.02%
- The S&P rose 1.83%
- The Nasdaq rose 2.04% for the sixth consecutive week.
- Russell 2000, up 3.26%
Good day for all US indices and a good week too.