The S&P is closing higher for the ninth consecutive day.
Since bottoming on April 21, the index is up 11.48%.
Looking at the other major indices, the NASDAQ index is up 14.61%, and the Dow is up 9.22% over the same period.
For the day, the:
- Dow industrial average rose 564 points or 1.39% at 41317.43
- S&P index rose 82.54 points or 1.47% at 5686.65.
- NASDAQ index rose to 66.99 points or 1.51% at 17977.73
For the week:
- Dow industrial average rose 3.00%
- S&P index rose 2.92%
- NASDAQ index rose 3.42%
Looking at some of the individual stocks, Meta Platforms, and Microsoft beat expectations and were positive on for guidance. Amazon and Apple were less upbeat. Looking at their stock performances this week:
- Meta Platforms rose 9.09%
- Microsoft rose 11.08%
- Amazon rose 0.52%
- Apple fell-1.88%
Looking at the other three Magnificent 7 stocks:
- Alphabet rose 1.28%
- Nvidia rose 3.07%
- Tesla rose 0.79%
The key earnings scheduled for next week include:
Monday – Before Open
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Berkshire Hathaway (Saturday)
Monday – After Close
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Palantir
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Hims & Hers
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Ford
Tuesday – Before Open
-
Celsius
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Datadog
-
Ferrari
-
BP
-
Marriott International
Tuesday – After Close
-
Supermicro Computer
-
AMD
-
Rivian
Wednesday – Before Open
-
Uber
-
Walt Disney
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Novo Nordisk
Wednesday – After Close
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AppLovin
-
Carvana
-
Arm
-
DoorDash
-
Dutch Bros
Thursday – Before Open
-
Peloton
-
Shopify
-
ConocoPhillips
Thursday – After Close
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The Trade Desk
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Coinbase
-
Warner Bros. Discovery
-
DraftKings
This article was written by Greg Michalowski at www.forexlive.com.
