S&P and NASDAQ indices close at new record levels
US stocks finished sharply higher, with all of the major indices posting gains of at least 1.7% as risk appetite remained firmly in control. The rally was led by technology shares, pushing the Nasdaq indices to the top of the leaderboard, while the S&P 500 and Dow Industrials both closed at fresh record highs. Broad participation was also evident with the small-cap Russell 2000 posting a solid advance.
- Nasdaq 100: 29,733.16, +956.36 points (+3.32%)
- Nasdaq Composite: 26,584.99, +671.10 points (+2.59%)
- Russell 2000: 3,036.98, +55.07 points (+1.85%)
- Dow Jones Industrial Average: 54,091.42, +908.11 points (+1.71%)
- S&P 500: 7,736.53, +136.04 points (+1.79%)(new record close)
Below is a list of some of the big winners with gains of 5%
- Palantir (PLTR): +29.45%
- Arm (ARM): +17.39%
- Whirlpool (WHR): +13.80%
- Marvell (MRVL): +12.81%
- Albemarle (ALB): +12.65%
- Coherent (COHR): +12.35%
- SanDisk (SNDK): +10.97%
- Intel (INTC): +10.84%
- Super Micro Computer (SMCI): +10.61%
- SpaceX: +9.43%
- Corning (GLW): +9.06%
- Credo Technology (CRDO): +8.96%
- Dell Technologies (DELL): +8.92%
- Lumentum (LITE): +8.92%
- Defiance Drone & Modern Warfare ETF (JEDI): +8.64%
- Skyworks Solutions (SWKS): +8.17%
- Lam Research (LRCX): +7.85%
- Micron (MU): +7.59%
- Qualcomm (QCOM): +7.33%
- CrowdStrike (CRWD): +7.16%
- AMD (AMD): +7.00%
- KLA (KLAC): +6.95%
- Broadcom (AVGO): +6.61%
- Nebius (NBIS): +6.19%
- Caterpillar (CAT): +5.57%
- VanEck Semiconductor ETF (SMH): +5.55%
- Palo Alto Networks (PANW): +5.53%
- Applied Materials (AMAT): +5.48%
- Texas Instruments (TXN): +5.43%
- Shopify (SHOP): +5.38%
- Datadog (DDOG): +5.35%
- Ciena (CIEN): +5.21%
- Cisco (CSCO): +5.08%
On that list is AMD and SpaceX. Both are trading lower in after hours trading after reporting earnings. AMD reported a revenue and EPS beat with EPS coming in at $1.66 versus $1.62 on revenues of $11.5 million versus $11.31 billion expected. It wasn’t good enough and the stock is trading down around 5.3% in after-hours trading. Palantir led the gains after earnings and forward guidance beat expectations yesterday.
Meanwhile,SpaceX reported its 1st earnings which came in at $-0.09 versus expected $-0.24. Revenues came in at $7.8 billion versus $6.83 billion expected. Shares are trading down -4.45% in after-hours trading
This article was written by Greg Michalowski at investinglive.com.