US stocks close the holiday shortened week mixed
Today is the definition of a mixed day in the US stock market. Looking at the three major indices:
- UP: The Dow 30 industrial stocks close sharply higher by 595.05 points or 1.14% at 52,905.28
- UNCHANGED: The broader S&P 500 index close unchanged at 7,483.25 (it was technically up 0.03 points).
- DOWN: The 's tech heavy NASDAQ index closed down -207.36 point or -0.80% at 25832.67.
Looking at the Dow 30 gainers, 26 of the 30 closed higher. The top 7 with gains over 3.5% each included:
- Apple (AAPL): +4.84%
- McDonald’s (MCD): +4.07%
- Walt Disney (DIS): +3.91%
- Honeywell (HON): +3.66%
- Amgen (AMGN): +3.55%
- Boeing (BA): +3.51%
- Johnson & Johnson (JNJ): +3.50%
The 4 losers for the day included:
- Cisco (CSCO): -3.70%
- Caterpillar (CAT): -2.83%
- NVIDIA (NVDA): -1.56%
- UnitedHealth (UNH): -0.28%
Looking at the broader indices, which large cap stocks led the move to the downside? Below is some which fell over 5% on the day.
- SanDisk (SNDK): -14.23%
- Ambarella (AMBA): -11.30%
- Corning (GLW): -10.86%
- Lam Research (LRCX): -10.19%
- Western Digital (WDC): -9.92%
- Marvell (MRVL): -9.85%
- Ciena (CIEN): -8.65%
- Tesla (TSLA): -7.49%
- Dell Technologies (DELL): -7.24%
- AppLovin (APP): -6.68%
- Arm Holdings (ARM): -6.58%
- Nebius Group (NBIS): -5.92%
- Micron Technology (MU): -5.47%
- Intel (INTC): -5.25%
- Whirlpool (WHR): -5.18%
Looking at the Mag7, 3 were higher and 4 were lower. Apple rose 4.84% while Tesla tumbled 7.49% and Meta fell -4.94%.
- Apple (AAPL): +4.84%
- Microsoft (MSFT): +1.39%
- Amazon (AMZN): +0.40%
- Alphabet (GOOGL): -0.46%
- NVIDIA (NVDA): -1.56%
- Meta Platforms (META): -4.94%
- Tesla (TSLA): -7.49%
This article was written by Greg Michalowski at investinglive.com.