Trading got off to a slow start today.
Stocks were sideways for the first 90 minutes of trading. But then stocks took off.
The major indices rallied from 11am ET until the close, finishing the session at highs of the day.
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And here’s where the major indices ended the day:
- The S&P finished with a 0.7% gain. Up 18 points, the S&P ended at 2725.
- The DOW ended 0.7% higher. Adding 175 points, the DOW closed at 25,239.
- The NASDAQ was up 1.2%. With an 84 point gain, the NASDAQ finished at 7,348.
- Bitcoin finished lower by 1.0%. Down $35, Bitcoin ended at $3,400.
Crude Oil (CL) retreated after closing above $55 for the first time since November. Up 1.2%, CL ended at $54.60 a barrel.
Apple (AAPL) was up big today.
Apple has a ton of cash. And a JP Morgan analyst thinks Apple buying Netflix (NFLX), Activision (ATVI), or Sonos (SONO) would be a great strategic buy for the company. Although the buyout is pure speculation at this, traders looking for any reason to buy Apple helped drive the stock 2.8% higher.
Alphabet (GOOG, GOOGL) reported after the bell and beat earnings expectations. But the stock is down more than 3% in after-hours trading. Although Alphabet beat expectations, the company’s advertising business grew at the same rate as last quarter.
Here is the economic calendar for the week:
Real Time Economic Calendar provided by Investing.com.
Source: RockwellTrading by Markus Heitkoetter | Original Link