US major indices end the day with modest declines

Technical Analysis

The three day run higher in S&P and Nasdaq is over

The US major indices are ending the day with modest declines. That breaks the 3 day up streak for the Nasdaq and the S&P. The Dow actually closed with a modest gain today.  

The final numbers are showing:

  • The S&P index is down -2.44 points or -0.09% at 2808.48
  • The Nasdaq index is down -12.495 pointe or -0.16% at 7630.91
  • The Dow is up 7.05 poiints or 0.03% at 25709.94

Some winners included:

  • General Electric, +2.79%
  • Charles Schwab, +2.0%
  • Adobe, +1.25%, Adobe announced earnings after the close with revenues and earnings beating estimates, but guidance is a weaker than expected.
  • Intuit, +1.23%
  • Visa, +1.18%
  • Celgene, +1.13%
  • Apple, +1.11%
  • Nike, +1.09%
  • Southwest airlines, +1.07%
  • J.P. Morgan, +0.93%

Some losers today:

  • AMD, -2.4%
  • Facebook, -1.85%
  • Nvidia, -1.81%
  • Intel, -1.71%
  • Broadcom, -1.15%
  • Micron, -1.08%
  • Boeing, -1.04%
  • Twitter, -0.89%
  • Netflix, -0.66%
  • Alphabet, -0.65%

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