The major US indices closed higher once again with the NASDAQ index leading the way with a gain of 1.61%. Today’s move was fueled by the expected CPI data (0.2% for the headline and core measure versus 0.3% expected).
The S&P index is now positive on the year by 0.08%. The NASDAQ index is within -1.56% of its closing level for 2024, and now industrial average is now down -0.95%.
For the trading day:
- Dow industrial average fell -269.67 points or -0.64% at 42140.43. The Dow 30 was dragged down by UnitedHealth which tumbled -17.83% after its CEO resigned, and did not give forward guidance.. The decline took about 400 points off of the Dow itself.
- S&P index rose 45.36 points or 0.72% at 5886.55.
- NASDAQ index rose 301.74 points or 1.61% at 19010.08
- Russell 2000 rose 10.15 points or 0.49% at 2102.34
Some big winners today:
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First Solar – +22.63%
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Super Micro Computer – +15.99%
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Robinhood Markets – +8.93%
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Palantir – +8.10%
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Rocket – +8.10%
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ETH/USD – +7.44%
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Block – +5.74%
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NVIDIA – +5.59%
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American Airlines – +5.48%
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ARK Innovation – +5.29%
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United Airlines Holdings – +5.06%
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Western Digital – +4.24%
This article was written by Greg Michalowski at www.forexlive.com.