Technical Analysis

Dow falls on the day

Both the S&P and NASDAQ index closed at record highs today. The gain in the S&P index from the March low has now risen over 54%. The Dow industrial average did not fare as well. It fell by -0.24% on the day. The NASDAQ index continued its surge and outperformed the other indices once again.

A look at the final numbers are showing:

  • S&P index rose 7.78 points or 0.23% at 3389.77. The close today surpassed the February 19 high close of 3386.15.  The index they also took out the high intraday level from February 19 that 3393.52. The new all-time intraday high price is 3395.06. The S&P index is now up 4.92% year-to-date
  • NASDAQ index also closed at a new record high. It moved up by 81.118 points or 0.73% to 11210.84. The intraday high price of 11230.61 is now the new all time high intraday level. The low price reached 11103.83. The NASDAQ index year-to-date is up 24.95 points
  • Dow industrial average fell -66.84 points or -0.24% to 27778.07. It’s high price reached 27891.12, while its low extended to 27668.79. The Dow industrial average is still down -2.66% on the year. 

The flow funds in the US also did not benefit the small-cap Russell 2000. It fell by -1.02% on the day.

The European markets also did not do well today. Each of the major indices gave up gains and closed lower on the day led by the UK FTSE which fell by -0.83%.

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