The stock market
pushed higher for the most part on Friday, with the bulls emboldened by a succession of better-than-expected top- and-bottom-line performances from some well-known entities, including Amazon.com (AMZN), Microsoft (MSFT), and Starbucks (SBUX). Buoyed by this trio, and by some other corporate powerhouses, a number of which are on the NASDAQ, the stock market generally pushed higher after some early backing and filling, especially on the Dow Jones Industrial Average.
The second to last trading
week of April, a month that has seen patches of
, was a winning one for those long equities. Over the course of the five-day stretch, the NASDAQ hit an all-time closing high; the Dow Jones Industrial Average moved higher on the strength of better-than-expected quarterly results from a number of the blue chips domiciled in the index of 30 bellwether companies; and the broader, large-cap dominated S&P 500 Index finished today at a record high.
The U.S. stock market
began the day on a weak note, but managed to firm up and mount a solid advance
in the afternoon, only to see some
of these gains pared
by the close
. At the close of trading, the Dow Jones Industrial Average had risen 20 points; the broader S&P 500 Index had moved up five points; and the NASDAQ had tacked on 21 points. Notably, the technology-heavy index pressed into milestone territory today, surpassing its prior record closing high of about 5,050 which was set in March of 2000.
The U.S. stock market
got off to a weak start this morning, but managed to reverse course and move strongly into positive territory throughout the afternoon. At the close of the session, the Dow Jones Industrial Average had advanced 88 points; the broader S&P 500 Index had risen 11 points; and the NASDAQ had tacked on 21 points.
Investors were unable to get all that excited today about the latest batch of earnings reports coming out of Corporate America. At the close, the Dow Jones Industrial Average
was off 85 points and the S&P 500 gave back three points, although the NASDAQ managed nearly a 20-point advance.
The major U.S. equity indexes finished sharply higher today
, in the process retracing much of the losses experienced on Friday. The only thing similar to Friday’s performance was that the market-moving news came from overseas, but this time it clearly had a positive bent to it. Specifically, traders reacted to news that China’s central bank had cut the required reserve ratio for its banks by one percentage point in an effort to stimulate lending as output for the world’s second-largest economy has been slowing.
A trading week
that was looking like a winning one for those long equities ended on a very sour note
, with all of the previous three days’ gains retraced in the first few hours of today’s bearish session.
After opening lower, the major U.S. stock market
indexes struggled to find direction, entering into positive territory by mid-afternoon only to reverse course and close modestly lower. Investors weighed an oil-price rally and mostly solid earnings reports against a somewhat volatile economic backdrop. Meanwhile, the timing of an eventual interest-rate hike by the Federal Reserve remains uncertain, with policymakers appearing divided of late. Furthermore, concerns persist that a strong dollar and relatively low oil prices will yield greater pressure on corporate profits in the current earnings season.
At the closing bell
, it was a sea of black ink
for the major U.S. equity indexes
. The large-cap Dow Jones Industrial Average and the S&P 500 Index finished with respective gains of 76 and 11 points. The NASDAQ, on the strength of the technology stocks
, also was higher, but it path to the finish line was a bit smoother. The NASDAQ, along with the small-cap Russell 2000, were the leaders among the major averages. Overall, the scales were tipped in favor of the advancing issues on both the Big Board and the NASDAQ.
It was a split decision
on Wall Street
today. On the plus side, the Dow Jones Industrial Average climbed 60 points
, led by the Index’s oil stocks and helped by a good profit report by banking behemoth JPMorgan Chase
(JPM). The S&P 500 rose three points, as well. However, tech shares pulled back
, with the NASDAQ falling 11 points. Market breadth echoed this sentiment, with advancers leading decliners by about a five-to-three margin on the New York Stock Exchange, but losers narrowly topping winners on the NASDAQ.