Major US stock indices close lower during the day, but higher during the week. This week, the S&P and NASDAQ traded to all-time highs.
Today the S&P reached 5375.08. This is a new all-time record high. The gains could not be sustained and the price moved into negative territory on the close.
The Nasdaq traded to a new record high yesterday at 17,235.73. Today, the high price could only reach 17229.31 before turning lower at the close.
The final numbers show:
- The Dow Jones Industrial Average fell -87.20 points, or -0.22%, to 36,799.00.
- The S&P index fell -5.97 points, or -0.11%, to 5,346.98.
- The Nasdaq index fell -39.99 points, or -0.23%, to 17,133.13 points.
For the trading week, major indexes rebounded from last week's declines:
- The Dow Jones Industrial Average rose 0.29%.
- The Standard & Poor's index rose 1.32%.
- The Nasdaq index rose 2.38%.
A look at some of the major large-cap stocks this week:
- Nvidia +10.29%. The company moved above $3 trillion for the first time ever and was the second-largest stock by market cap, surpassing Apple, but reversed its positions until the close.
- CrowdStrike, +11.42%
- Apple +2.41%
- Microsoft, +2.10%
- Introductory platforms, +5.6%
- Palantir, +7.52%
- Amazon +4.455%
- Alphabet, +1.14%
- Tesla, -0.33%
Gamestop stock ended the week up 21.95% after falling -39.3% today. Roaring Kitty (i.e. Keith Gill) streamed live on YouTube and toured with the best of them constantly, but couldn't generate any buying interest. Shares close the week at $28.22. .