Index Wrap-up
The Dow Jones Industrial Average ($DJI) ended the day on Wednesday with a gain of 21.04 points, or 0.17%, and closed at 12,418.42. Two-thirds of the Dow's thirty index components posted a gain. The strongest performers were Microsoft (MSFT) (+2.39%), Alcoa (AA) (+2.38%), and Intel (INTC) (+2.32%). The weakest were Verizon (VZ) (-1.31%) and Wal-Mart (WMT) (-1.03%).
The S&P 500 ($SPX) finished the session with a gain of 0.24 points, or 0.02%, and closed at 1,277.30. The top performing industry groups were materials (+3%) and financials (+2.8%). The strongest individual percentage performers in the index were Netflix (NFLX) (+11.36%), Cabot Oil & Gas Corp. (COG), and VF Corp. (VFC) (+4.40%). The weakest were Autonation Inc. (AN) (-6.83%), MetroPCS (PCS) (-6.39%), and Tenet Health Care (THC) (-5.44%).
The Nasdaq Composite ($COMPX) ended the session lower by 0.36 points, or 0.36%, on Wednesday and it closed at 2,648.36. The strongest performers in the Nasdaq-100 ($NDX) were Netflix (NFLX) (+11.36%), Micron Tech. (MU) (+3.56%), and Nuance Communications (+2.89%).. The weakest were Electronic Arts (EA) (-4.74%), eBay (EBAY) (-2.77%), and Perrigo Co. (PRGO) (-3.51%).
S&P 500 (Figure 2)
About the Author
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.