The Dow and S&P rose for the 3rd straight session while of the NASDAQ index increase for the 2nd in a row.
Although higher, the major indices are closing near the middle of the data trading range. Yields moving higher and they slightly more hawkish Fed led to a rotation off of the highs for the day. At the bell, the major indices that showed:
- Dow industrial average rose 129.47 points or 0.26% at 49,662.66.
- S&P index rose 38.09 points or 0.56% at 6881.31.
- NASDAQ index rose 175.25 points or 0.78% at 22753.63.
- The small-cap Russell 2000 gained 12.02 points or 0.45% at 2658.60.
Looking at the S&P components, Energy led the way with a gain of 2.0%.
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Energy – +2.00%
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Consumer Discretionary – +1.00%
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Information Technology – +0.97%
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Financials – +0.78%
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Materials – +0.77%
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Communication Services – +0.31%
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Health Care – +0.21%
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Industrials – +0.01%
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Consumer Staples – -0.53%
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Real Estate – -1.45%
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Utilities – -1.70%
Some of the big gainers today included
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Cadence Design (CDNS) – +7.60%
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Shopify Inc (SHOP) – +7.15%
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DoorDash (DASH) – +6.99%
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Moderna (MRNA) – +6.08%
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Trump Media & Technology Group (DJT) – +5.75%
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Block (XYZ) – +5.55%
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First Solar (FSLR) – +5.54%
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Micron (MU) – +5.25%
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Synopsys (SNPS) – +4.80%
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Papa John’s (PZZA) – +4.76%
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Western Digital (WDC) – +4.40%
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Nebius NV (NBIS) – +4.39%
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SLB NV (SLB) – +3.47%
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ASML ADR (ASML) – +3.45%
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Northrop Grumman (NOC) – +3.36%
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Uber Tech (UBER) – +3.18%
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Dollar Tree (DLTR) – +3.13%
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General Motors (GM) – +3.02%
Some losers today included:
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Palo Alto Networks (PANW) – -6.82%
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Strategy (MSTR) – -2.66%
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Worthington Industries (WOR) – -2.57%
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Grayscale Bitcoin (BTC) (GBTC) – -2.22%
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Boeing (BA) – -2.10%
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American Airlines (AAL) – -2.05%
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Ford Motor (F) – -2.02%
This article was written by Greg Michalowski at investinglive.com.