December 4, 2022

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The major US indices close higher for the 2nd consecutive day

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Stocks close near session highs

The major US stock indices are close higher for the second consecutive day. 

Some other highlights for the day/week

  • Week ends with 2 strong days higher after three down days to start the week
  • S&P has best day since late March 26th
  • All 11 sectors of the S&P close higher
  • Dow S&P NASDAQ had the worst week since February
  • NASDAQ closed lower for the fourth consecutive week
  • S&P lower for the first week in three weeks
  • NASDAQ has the best day since March 11

the final numbers are showing:

  • S&P index up 61.29 points or 1.49% at 4173.85
  • NASDAQ index up 304.99 points or 2.32% at 13429.98
  • Dow industrial average of 360.62 points or 1.06% at 34382.13

Technically, 

  • The NASDAQ index moved above intraday but is closing below its 100 day moving average of 13438.56.
  • The S&P index closed just above its 100 hour moving average at 4173.67. The closing level for the S&P was at 4173.85
  • The Dow moved back above its highest hourly moving average (the 50 hour MA) at 34358.48. The index is closing at 34382.13.

For the week:

  • S&P index fell -1.39%
  • Dow fell -1.14%
  • Nasdaq fell -2.34%

some of the biggest winners today included:

  • Doordash, +22.16%
  • Snowflake, +11.47%
  • Goodrx, +9.59%
  • Palantir, +9.31%
  • Novavax, +8.83%
  • Western Digital, +8.29%
  • Bed, Bath and beyond, +7.68%
  • Nio, +7.11%
  • Uber +6.59%
  • Zoom, +6.12%

Some of the biggest movers this week:

  • Doordash, +12.96%
  • Box, +10.16%
  • Koss, +8.89%
  • FireEye +6.42%
  • Roblox, +4.42%
  • Zoom +4.29%
  • Intuit, +4.05%
  • Gilead, +3.01%
  • Schlumberger +2.88%
  • Charles Schwab, +2.06%

Looking at the Dow 30, the biggest winners for the week include:

  • Procter & Gamble, +2.11%
  • JPMorgan +1.71%
  • J&J, +1.0%
  • 3M, +0.63%
  • DuPont, +0.58%
  • Caterpillar, +0.56%
  • Salesforce, +0.54%
  • Bank of America, +0.4%
  • Coca-Cola, +0.37%
  • Walgreens, +0.35%

The biggest losers in the Dow this week include:

  • Walt Disney, -6.02%
  • Home Depot, -4.54%
  • Intel, -4.06%
  • Boeing, -2.99%
  • Visa, -2.21%
  • Apple, -2.17%
  • UnitedHealth, -1.93%
  • Microsoft, -1.72%
  • Nike, -1.36%
  • McDonalds, -1.32%
  • Amgen, -1.11%

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