The Nasdaq closed at a new record high on Monday at 17,192.53. It did the same thing on Tuesday, Wednesday, Thursday and again today to extend the streak of consecutive closing highs to five trading days.
The S&P was in a similar move this week, but closed marginally lower today snapping a record 4-day closing streak.
Overall, the S&P and NASDAQ closed higher this week. The Dow Jones Industrial Average did not fare well as it fell today and closed lower for the week.
The final numbers show:
- Dow Jones Industrial Average -57.94 points or -0.15% at 38,589.15
- The Standard & Poor's Index fell 2.14 points, or -0.04%, to 5,431.61.
- The Nasdaq index rose 21.32 points, or 0.12%, to 17,688.88 points.
For the trading week:
- Dow Jones Industrial Average fell -0.54%
- The Standard & Poor's index rose 1.58%.
- The Nasdaq rose 3.24%, its largest weekly gain since April 22.
The small-cap Russell 2000 did not perform well today or this week. The index declined during the day by -32.75 points, or -1.61%, to the 2006.15 level. During the week's trading, the index decreased by -1.00%:.
Among the big winners this week:
- Broadcom +23.35%. The company announced its dividend as well as a 10:1 stock split
- Adobe +12.87%. They reported earnings that beat expectations and also raised guidance
- Mass hit: +10.45%. They also reported better than expected earnings
- Shopify, +9.87%
- Super Micro Computer, +9.81%
- Nvidia, +9.09%
- Micron, +7.96%
- Apple, +7.925 on the back of the Worldwide Developers Conference. Technically, the stock has broken out of the $165 to $200 trading range that has confined the pair since April 2023.
- LAM Research, +7.61%
- Home Depot +6.04%
- Palo Alto Networks, +5.10%
Among the big losers:
- Celsius -17.87%
- Trump Media, -17.2%
- Raytheon, -17.17%
- Paramount -15.32%.
- Beyond Meat, -12.52%
