The three major US stock indexes closed higher today and this week. The Nasdaq led gains on both measures.
Today's summary shows:
- The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.69 points.
- The Standard & Poor's index rose 63.61 points, or 1.26%, to 5,127.80 points.
- The Nasdaq index rose 315.37 points, or 1.99%, to 16,156.33 points.
For the trading week:
- The Dow Jones Industrial Average rose 1.14%.
- The Standard & Poor's index rose 0.55%.
- The Nasdaq index rose 1.43%.
Looking at the small-cap Russell 2000, it rose 0.97% on the day, and also closed higher during the week by 1,684%.
Looking at the daily chart of the S&P, it is closing just below the 50-day moving average at 5129.98. A break above this moving average is needed to increase the bullish bias from a technical perspective (see chart below).
Standard & Poor's index
As for the Nasdaq, the day crossed the 50-day moving average and remained above this moving average. This is technically more bullish.
The Nasdaq closes above the 50-day moving average
For the trading week, which major stocks have had great weeks?
- Beyond Meat +26.56% (they will announce their earnings next week)
- Modern, +15.77%
- Trump Media +15.38% (This is despite issuing more shares that were given to former President Trump.)
- Amgen, +15.32%
- Snap +11.68%
- Pfizer +9.61%
- Roblox +9.08% (to be announced next week).
- Qualcomm +8.44% (announced earnings this week)
- Apple +8.30%
- Tesla +7.64%
- Boeing, +7.50%
- Shopify 4.40% (to be announced next week)
- Percentage 3.76% (they will announce it next week)
- Amazon, +3.69%
- Palantir (to be announced next week)