Major US stock indices are closing the day lower. For the trading week the declines today push the indices into negative territory. For the day:
- Dow industrial average fell -279.13 or -0.63% at 44371.51
- S&P index fell -20.71 points or -0.33% at 6259.75.
- NASDAQ index fell -45.14 points or -0.22% at 20585.53.
The small-cap Russell 2000 fared the worst today with a decline of -28.58 points or -1.26% at 2234.82.
For the trading week:
- Dow industrial average fell -1.02%
- S&P index fell -0.31%
- NASDAQ index fell -0.08%
The small-cap Russell 2000 fell -0.63%
Some winners this week included:
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ETH/USD: +19.73% – Strongest performer; Ethereum surged as crypto sentiment improved.
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SoFi Technologies: +14.22% – Continued momentum in fintech space.
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Nio A ADR: +11.40% – Strong rebound in Chinese EV sector.
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Delta Air Lines: +11.38% – Travel demand and earnings optimism boosted the stock.
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Moderna: +10.33% – Biotech rally lifted Moderna despite daily weakness.
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Bitcoin Futures: +9.57% – Crypto strength lifted futures contracts sharply.
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Tapestry: +9.12% – Fashion and luxury retailer posted solid gains.
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Southwest Airlines: +8.95% – Part of broader airline recovery.
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BTC/USD: +8.92% – Bitcoin tracked higher on macro and ETF enthusiasm.
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Grayscale Bitcoin (BTC): +8.09% – Benefited from BTC’s strong performance.
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MicroStrategy: +7.57% – Heavily BTC-linked; tracked crypto strength.
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Dollar Tree: +7.27% – Discount retail held strong amid consumer resilience.
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United Airlines Holdings: +6.44% – Gains on the week despite sharp daily drop.
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AMD: +6.18% – AI chip momentum continues to support the stock.
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Palantir: +5.76% – Modest tech rally pushed Palantir higher.
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Occidental: +5.73% – Oil names gained with crude strength.
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Boeing: +5.03% – Recovery in aviation sector supported the stock.
Some losers this week include:
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Raytheon: -17.17% – Biggest drop of the week; no daily move Friday but major weekly underperformance.
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First Solar: -12.21% – Sharp pullback in solar stocks after recent strength.
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Chewy: -7.99% – Continued weakness in online retail and pet-related names.
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Palo Alto Networks: -7.14% – Cybersecurity sector under pressure this week.
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CrowdStrike Holdings: -6.94% – Tech pullback hit cybersecurity names hard.
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PayPal: -6.83% – Fintech weakness and growth concerns weighed on sentiment.
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Zoom Video: -6.59% – Ongoing declines as investor interest fades post-pandemic.
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Fortinet: -6.26% – Security sector broadly down despite strong fundamentals.
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Intuitive Surgical: -6.00% – Health tech pulled back from recent highs.
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Block (Square): -5.95% – Fintech and crypto-linked name moved lower.
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Arm: -5.90% – Chip and AI-related names cooled off from earlier gains.
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Salesforce Inc: -5.17% – Enterprise software lagged broader market.
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Nike: -4.92% – Retail and discretionary spending concerns pressured shares.
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Snowflake: -4.86% – High-growth tech names sold off broadly this week.
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Bank of America: -4.54% – Financials declined with yields and risk-off tone.
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Adobe: -4.21% – Tech weakness hit creative software stocks.
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Intuit: -4.20% – Flat on Friday but down for the week amid broad tech softness.
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Papa John’s: -4.04% – Consumer staples saw mild selling pressure.
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Walmart: -4.03% – Retail giant slipped slightly amid defensive sector selling
This article was written by Greg Michalowski at www.forexlive.com.