The Dow Jones Industrial Average ($DJI) had a gain of 4.39 points, or 0.04%, and closed at 11,989.83 on Thursday. Two-thirds of the Dow's thirty index components posted a gain on the session. The top performers were General Electric (GE) (+1.81%), Home Depot (HD) (+1.50%), United Technologies (UTX) (+1.45%), and Caterpillar (CAT) (+0.92%). The weakest performer was Procter & Gamble (PG). It fell 2.92%. It was followed by losses in AT&T (T) (-2.09%), Kraft Foods (KFT) (-1.58%), and McDonalds (MCD) (-1.09%).
The S&P 500 ($SPX) rose 2.91 points or 0.22%, and closed at 1,299.54. Netflix (NFLX) broke to new highs following earnings with a gain of 15.21%. Teradyne Inc. (TER) also posted double digit gains, popping 11.76% out of a multi-month trading range. Helmerich & Payne (HP) (+9.52%) and Stanley Black & Decker (SWK) rounded off the top four. The weakest performer in the S&P 500 on Thursday was Motorola Mobility Holdings (MMI) (-12.40%). Murphy Oil (MUR) (-10.23%), Robert Half Intl. (RHI) (-6.32%), and Consol Energy (-5.96%) were the other top percentage decliners.
The Nasdaq Composite ($COMPX) ended the session higher by 15.78 points, or 0.58%, on Thursday and it closed at 2,755.28. Netflix (NFLX) (+15.21%) was also the Nasdaq-100's top gainer. It was followed by Micron Technology (MU) (+6.43%), Qualcomm Inc. (QCOM) (+5.86%), and Amazon.com (AMZN) (+5.17%). Lam Research (LRCX) (-4.18%), Ctrip.com (CTRP) (-3.10%), Dell Inc. (DELL) (-2.40%), and Celgene Corp. (CELG) (-2.38%) were the Nasdaq-100's biggest percentage losers.
Unless otherwise stated, the index action described in this article relates to the E-mini futures contracts for the respective indices. Actual index action may differ slightly in terms of pattern formation, although the market bias will remain the same.
Toni Hansen is president and co-founder of the Bastiat Group Inc., DBA Trading From Main Street. Toni is one of the most respected technical analysts and traders in the industry. She has been trading and educating new traders, money managers, professional market analysts and traders throughout the boom and bust of the last decade. She has worked in conjunction with some of the world's top financial exchanges. Learn more about Toni Hansen and the educational services she provides through her website at http://www.tonihansen.com.