Technical Analysis

US stocks end the session higher but come off the best levels of the day

NASDAQ index has its best day since September 9

The major indices are all closing higher with the NASDAQ index leading the way.

Highlights include

  • major indices rise for the 4th consecutive day
  • NASDAQ index has its best day cents September 9
  • S&P and NASDAQ close lesson 2% below its all-time high
  • 10 of 11 sectors in the S&P rise materials move lower
  • record close for the Dow transports

A final look at the closing numbers shows:

  • The S&P index rose 56.99 points or 1.64% at 3534.12. The my price reached 3549.85. The low price extended to 3499.61
  • The NASDAQ index close up 296.31 points or 2.56% at 11876.25. It’s high price reached 11965.53. The low extended to 11704.133
  • The Dow industrial average rose 250.62 points or 0.88% at 28837.52 The high price reached 28957.90. The low price extended to 28659.67.

Apple shares outperformed with a 6.26% gain. The company will release their new iPhone on October 13. Amazon also outperformed with a 4.75% gain. The delayed Amazon prime day(s) will be on October 13 and October 14.  

Other big gainers today included:

  • Twitter, +5.1%
  • Chewy, +4.63%
  • Facebook, +4.26%
  • Morgan Stanley, +3.91%
  • Alphabet, +3.6%
  • Nvidia, +3.37%
  • Goldman Sachs, +3.18%

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