It was a roller coaster of a day.
After opening the session higher, stocks dropped in the afternoon. But a rally into the close helped erase early losses.
In the end, stocks were mixed. But the NASDAQ had another record-breaking day. Up 0.4%, the NASDAQ made a new record high and ended the day with a new record close.
Today’s ISM Non-Manufacturing PMI reading showed that the economy is doing well. The 58.6 reading was better than expected (vs. a 57.9 forecast ) and was the 100th month of industry expansion (readings above 50 indicate expansion).
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Here’s where the major indices ended the day:
- The S&P finished with 0.1% gain. Up 2 points, the S&P ended at 2,749.
- The DOW ended 0.1% lower. Dropping 14 points, the DOW closed at 24,800.
- The NASDAQ was up 0.4%. With a 31 point gain, the NASDAQ finished at 7,638.
- Bitcoin ended 1.4% higher. Adding $105, Bitcoin is trading at $7,630.
Crude Oil (CL) bounced back after its recent 3-day slide. Up 1.2%, CL ended at $65.51 a barrel.
Apple (AAPL) has finished with a new record for 3 days in a row. Up another 0.8%, Apple closed at $193.31.
News that Starbucks (SBUX), CEO Howard Schultz will retire sent SBUX lower today. The stock finished the day with a 2.4% loss.
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Source: RockwellTrading by Markus Heitkoetter | Original Link