Original Link | RockwellTrading by Markus Heitkoetter
Stocks kicked off the week with new records.
After a slightly higher open, the major indices worked their way higher in a slow rally that lasted all session long.
The S&P and DOW closed at record highs in spite of an attempted terrorist attack in NYC and tensions in Israel with missiles reportedly being fired from Gaza.
Today the S&P and DOW closed at record highs. The NASDAQ led the major indices higher but finished approximately 38 points away from its record close.
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Here’s where the major indices ended the day:
- The S&P finished 0.3% higher. Up 8 points, the S&P ended at 2,660.
- The DOW ended with a 0.2% gain. Adding 57 points, the DOW closed at 24,386.
- The NASDAQ was up 0.5%. With a 35 point loss, the NASDAQ finished at 6,875.
Over the last few weeks tech stocks have lagged Blue Chips. But today it was the NASDAQ leading the major indices higher, helped out by tech standards like Apple (AAPL) up 1.9% and Microsoft (MSFT) up 1.2%.
Crude Oil (CL) bounced back from last week’s loss with a 1.1% gain. CL ended the day just a tick below the $58.00 mark.
The talk of the town is Bitcoin. Last night the CBOE unveiled their highly anticipated Bitcoin futures. And the debut went as you might expect. After a few price halts because of big moves, the one-month futures contract was trading around $18,600 at the closing bell in New York.
In stock news, Apple (AAPL) bought Shazam music today (a popular and innovative music recognition app). And Snap (SNAP) got a nice 7.9% boost after some bullish analyst comments.
The FOMC begins its 2-day Fed meeting tomorrow. Looking at the economic calendar we have PPI Data out at 8:30am ET.
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