The Dow Jones Industrial Average ($DJI) ended the day on Wednesday with a gain of 81.21 points, or 0.64%, and closed at 12,756.96. Twenty-four of the Dow's thirty index components posted a gain. The strongest performers were Caterpillar (CAT) (+2.60%), DuPont (DD) (+2.39%), and Alcoa (AA) (+2.04%). The top percentage losers were Hewlett Packard (HPQ) (-0.7%) and Verizon (VZ) (-0.26%).
The S&P 500 ($SPX) finished the session with a gain of 11.41 points, or 0.87%, and closed at 1,326.06. All ten of the index's industry groups posted a gain. The top performing ones were materials (+1.6%), utilities (+1.6%), and industrials (+1.2%). The top individual percentage performers were Textron Inc. (TXT) (+14.58%), CA Inc. (CA) (+9.68%), and Apple (AAPL) (+6.24%). The top decliners were Corning (GLW) (-10.74%), Xerox (XRX) (-9.92%), and Motorola Solutions (MSI) (-6.10%).
The Nasdaq Composite ($COMPX) ended the session higher by 31.67 points, or 1.14%, on Wednesday and it closed at 2,818.31. The strongest performers in the Nasdaq-100 ($NDX) were CA Inc. (CA) (+9.68%), Research In Motion (RIMM) (+8.59%), and Apple (AAPL) (+6.24%). The weakest were Activision Blizzard (ATVI) (-2.69%), Sears Holdings (SHLD) (-1.99%), and Google (GOOG) (-1.97%).
Nasdaq Composite (Figure 3)
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.