7-day NASDAQ win streak shattered today
The S&P squeaked a higher close. The Dow industrial average also closed higher. The day’s gains extended the bullish streak to 6 consecutive days. The NASDAQ index’s streak of 7 consecutive higher close was broken as it fell nearly 1% on the day.
A look at the final numbers shows:
- The S&P index rose 2.12 points or 0.06% to 3351.532
- The NASDAQ index closed down 97.09 points or -0.87% at 11,010.98
- The Dow industrial average closed up 47.74 points or 0.17% at 27,434.72
The Dow Jones had its best week since June 5. The S&P Index at its best week since July 2.
For the week, the main indices closed higher with the Dow Jones in the lead with an increase of 3.81%.
The change for the 1st week of August shows:
- S&P Index, + 2.45%
- NASDAQ Index, + 2.47%
- Dow industrial average + 3.8%
Since the start of the year, the Dow Jones has stood at 3.87% of unchanged value for the year.
- The S&P index is up + 3.73%
- The NASDAQ index is up and oversized + 22.72%
- Dow industrial average is down -3.87%
Today’s winners included:
- First solar, + 13.08%
- FedEx, + 6.57%
- Marriott international, + 3.77%
- Wells Fargo, + 3.47%
- American Express, + 3.46%
- Travelers, + 3.17%
- Charles Schwab, + 2.72%
- Financial PNC, + 2.58%
- General dynamics, + 2.57%
- Bank of America + 2.47%
- Citigroup, + 2.42%
- Raytheon Technologies, + 2.29%
- J.P. Morgan, + 2.2%
- Berkshire Hathaway, + 2.11%. Berkshire Hathaway to report results tomorrow
The major decliners today included:
- Tencent, -7.36%
- Lyft, -6.65%
- Uber, -5.21%
- AliBaba, -5.08%
- Soft, -3.76%
- Zoom, -3.55%
- Chewy, -3.23%
- Adobe, -3.19%
- Netflix, -2.77%
- PayPal, -2.63%
- Qualcomm, -2.53%
- Tesla, -2.44%
- Apple, -2.28%
European stocks closed mixed, led by the German DAX which rose 0.66%. The Spanish ibex fell -0.11%.
For the week, European stocks closed higher, led by the German DAX with a day of 2.94%:- German DAX, + 2.94%
- CAC of France, + 2.21%
- British FTSE 100, + 2.28%
- Ibex from Spain, + 1.06%
- Italy FTSE MIB, + 2.22%
