The major US stock indices are closing mostly higher with the NASDAQ leading the way. Again comes after declines yesterday that snap five-consecutive days of gains.
A snapshot of the closing levels shows industrial average:
- Dow industrial average rose 185.13 points or 0.39% at 47474.46
- S&P index rose 16.74 points or 0.25% at 6829.37
- NASDAQ index rose 137.75 points or 0.59% at 23413.67
The small-cap Russell 2000 could not reach positive territory. It felt -4.14 points or -0.17% at 2464.98.
Some of the biggest winners today included:
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Boeing (BA): 205.38 | +18.92 (+10.15%)
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Intel (INTC): 43.48 | +3.47 (+8.66%)
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Grayscale Bitcoin (GBTC): 71.25 | +4.33 (+6.47%)
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MicroStrategy (MSTR): 181.33 | +9.91 (+5.78%)
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Bitcoin Futures (BMC): 91,580 | +4,805 (+5.54%)
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DoorDash (DASH): 216.96 | +11.36 (+5.53%)
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BTC/USD: 91,316 | +4,748 (+5.48%)
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Shopify (SHOP): 156.83 | +7.55 (+5.06%)
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United Airlines (UAL): 104.83 | +3.26 (+3.22%)
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Snowflake (SNOW): 259.25 | +7.68 (+3.05%)
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Dell Technologies (DELL): 135.95 | +3.86 (+2.92%)
Reasons Behind Today’s Moves
Boeing (+10.15%)
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Strong rally on relief after reports that the company is nearing resolution on regulatory concerns and receiving improved delivery outlooks from key airline customers.
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Broader industrial sector strength is also contributing to upside momentum.
Intel (+8.66%)
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Shares rose after it was predicted potential supply deal with Apple.
Bitcoin, GBTC, and MicroStrategy (+5–6% range)
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Bitcoin rebounded sharply today, recovering more than 5% after yesterday’s sell-off.
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Risk appetite improved across markets, helping crypto-linked assets rise.
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MicroStrategy continues to trade as a leveraged Bitcoin proxy.
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GBTC follows underlying Bitcoin price action.
DoorDash (+5.53%)
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Benefiting from strong consumer-spending data and improving sentiment on delivery-platform earnings resilience.
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Some analysts issued upbeat notes on margin improvement trends.
Shopify (+5.06%)
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E-commerce sentiment improved on signs of strong holiday-season demand.
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Technical breakout above a short-term moving average added buying interest.
United Airlines (+3.22%)
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Airline stocks are rising on lower oil prices and upbeat travel-demand projections.
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Investors are rotating into cyclicals as recession fears ease.
Snowflake (+3.05%)
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Cloud-software names continue to rebound after recent weakness.
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AI-related product announcements and analyst upgrades earlier in the week are still providing support.
Dell Technologies (+2.92%)
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Ongoing positive sentiment following Michael & Susan Dell’s headline-grabbing $6.25B philanthropic announcement (indirect brand and sentiment lift).
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Broader tech market strength is contributing.
This article was written by Greg Michalowski at investinglive.com.