Another day, another rally
, it seems like. Stocks
once again pushed into record-high territory on Wednesday
, but the gains are now concentrated in the venerable Dow Jones Industrial Average. Right around the noon hour on the East Coast, the Dow is up a strong 140 points. Elsewhere, the S&P 500 and NASDAQ are not moving much, and market breadth is mixed, with gainers topping decliners on the NASDAQ, but vice-versa on the New York Stock Exchange.
The stock market put in a mixed performance today, as traders digested the latest batch of corporate profit reports. At the close of the session, the Dow Jones Industrial Average was ahead 40 points; the broader S&P 500 Index was up two points; and the NASDAQ was nominally lower. Market breadth was slightly negative, as declining issues outnumbered advancers by a narrow margin on the NYSE. From a sector perspective, the healthcare and utility issues showed some leadership, while the financials, energy, and basic materials issues retreated.
The stock market started
out the new week
with a quiet
, but constructive, session
. At the close of trading, the Dow Jones Industrial Average was ahead roughly 85 points; the broader S&P 500 Index was up four points; and the NASDAQ was higher by 18 points. However, market breadth suggested a somewhat divided showing, as advancers and decliners were just about even on the NYSE. From a sector point of view, the technology, financial, and energy names displayed some leadership, while the healthcare stocks and the utilities declined modestly.
In a session mostly dominated by the bulls, each of the large-cap indexes set all-time intraday trading highs on Friday before seeing their gains moderated in the lead-up to the closing bell
. The optimism was led by the basic materials sector, with consumer cyclicals and technology stocks also doing a large part of the legwork. The market appears to be pricing in the growing sentiment that U.S. corporations will deliver better-than-expected growth in the nascent reporting season. For the day, advancing shares outnumbered declining issues by a ratio of 1.5-to-1.0
The stock market
got off to a weak start this morning, managed to advance slightly around midday, but turned lower again in the afternoon
. At the close of the day, the Dow Jones Industrial Average was down 32 points; the broader S&P 500 Index was off four points; and the NASDAQ was lower by 12 points. Market breadth showed a divided session, as advancing issues were about even with decliners on the NYSE. From a sector perspective, the consumer non-cyclical stocks and the basic materials issues moved higher, offsetting weakness in the telecom and energy names.
The stock market got off to a tentative start this morning, but managed to shape up nicely as the session progressed. At the close of trading, the Dow Jones Industrial Average was up 42 points; the broader S&P 500 Index was ahead nearly five points; and the NASDAQ was higher by 16 points.
Though the major market indexes were more mixed on Tuesday, the session went to the bulls
in the end. Advancing shares outnumbered declining issues steadily throughout the day, with strength in the noncyclical consumer goods leading the charge. The positive undertone offset yesterday’s bearish tilt.
A mixed job report at the end of last week and the looming third-quarter earnings season contributed to a directionless market on Monday. Recent bullishness has been driven by largely positive economic data and a renewed optimism that the White House will deliver on its promise of tax reform. When the closing bell rang, each of the major indexes was firmly in the red.
A disappointing jobs report set the stage for daylong profit taking on Friday. The back-and-forth was broad-based, but mostly modest. The consumer non-cyclicals and telecommunications sectors were among the biggest laggards.
Energy, impacted more by industry-specific developments than the Labor Department’s release, shed more-than 1% in aggregate value. Overall, breadth was negative, with the number of declining issues nearly double that of gaining shares.
After a mixed session yesterday, most U.S. equities registered positive gains on Thursday
. Advancing shares outnumbered declining issues by a 1.6-to-1.0 ratio, a bullish turnaround from yesterday’s slight selloff of small- and mid-cap stocks. The financial and energy sectors led the charge
, offsetting modest weakness in other areas, such as healthcare and utilities. Once again, each of the large-cap indexes hit intraday trading highs a little after lunchtime. But unlike yesterday, they all remained close to these high levels as the closing bell rang.