The major indices got off to a great start this week with stocks higher across the board.
But trading was pretty quiet during the U.S. session. The major indices opened higher and stayed in a range for most of the day. The S&P’s 8.5 point range as actually the smallest range of the year for the index!
Although most of today’s move came before markets opened, it didn’t stop the NASDAQ from making a new record. The NASDAQ closed at a record high today, surpassing the record close set on March 12th.
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Here’s where the major indices ended the day:
- The S&P finished with 0.5% gain. Up 12 points, the S&P ended at 2,747.
- The DOW ended 0.7% higher. Adding 178 points, the DOW closed at 24,814.
- The NASDAQ was up 0.7%. With a 52 point gain, the NASDAQ finished at 7,606.
- Bitcoin ended 0.7% higher. Adding $55, Bitcoin is trading at $7,525.
Crude Oil (CL) continued its slide, closing lower for the 3rd day in a row. Down 1.6%, CL ended at $64.74 a barrel.
Apple (AAPL) made a new record for the 2nd session in a row. Up 0.8%, Apple closed at $191.83. Apple is now worth $940 billion, getting closer to becoming the first company in the world with a market cap of $1 trillion.
Merck (MRK) was up 2.4% after positive trial results for its drug Keytruda.
Today Howard Schultz, CEO of Starbucks (SBUX), announced that he will step down as CEO on June 26th. When Shultz bought the company there were 11 stores…now there are more than 28,000 in 77 countries. Starbucks is down 0.9% in after-hours trading.
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Source: RockwellTrading by Markus Heitkoetter | Original Link