The major indices finished higher for the second day in a row today.
After a strong open and rally in the morning, stocks continued to edge higher throughout the day. The NASDAQ led the major indices, finishing at its best level since March 21st.
At the close, the S&P, NASDAQ, and DOW were allabove their 50-day moving average, something we haven’t seen since March 21st.
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Here’s where the major indices ended the day:
- The S&P finished with a 1.1% gain. Up 29 points, the S&P ended at 2,706.
- The DOW ended 0.9% higher. Adding 214 points, the DOW closed at 24,787.
- The NASDAQ was up 1.7%. With a 125 point gain, the NASDAQ finished at 7,281.
- Bitcoin ended 1.3% lower. Losing $102, Bitcoin is trading at $7,903.
Crude Oil (CL) bounced back after yesterday’s drop. Up 0.4%, CL ended at $66.50 a barrel.
Netflix (NFLX) was the best performer in the S&P today. After impressive first-quarter earnings and higher than expected subscriber growth, Netflix ended the day with a 9.2% gain, hitting a new record high.
Earnings reports were also strong with Goldman Sachs (GS), United Health (UNH) and Johnson & Johnson (JNJ). But end of day results were mixed. Goldman lost 1.7% and Johnson & Johnson finished with a 0.9% loss, while United Health ended 3.6% higher.
Twitter (TWTR) rocketed higher today after Morgan Stanley upgraded the stock.TWTR was up 11.4% and will report earnings before the bell on April 25th.
Source: RockwellTrading by Markus Heitkoetter | Original Link