US Stocks Finished Higher on Energy and Technology Gains
$DIA, $SPY, $QQQ, $VXX
US stocks ended higher Wednesday extending The Trump Rally, as energy and technology gains countered a drop in healthcare stocks after President Elect Donald Trump said pharmaceutical companies were “getting away with murder” by charging high prices.
The NAS Comp ended the day with another record closing high after falling as much as 0.5% after Mr. Trump’s 1st formal news conference since the November 8 election.
The S&P 500 healthcare index ended the session down 1% after falling as much as 1.9% earlier in the day and the NAS Comp biotechnology index .NBI fell 2.96%, ending a 6-day winning streak for both indexes.
Wednesday, the major US stock market indexes finished at: DJIA +98.75 at 19954.41, NAS Comp +11.83 at 5563.64, S&P 500 +6.42 at 2275.32
Volume: 7.2-B/shares changed hands on US exchanges on Wednesday compared with the 6.57-B/share average for the last 20 sessions.
Advancing issues outnumbered declining ones on the NYSE by a 2.20-to-1 ratio; on the NAS, a 1.22-to-1 ratio favored advancers.
The S&P 500 posted 20 new 52-wk highs and 2 new lows; the NAS Comp recorded 99 new highs and 18 new lows.
- Russell 2000 +1.2% YTD
- DJIA +1.0% YTD
- S&P 500 +1.6% YTD
- NAS Comp +3.4% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Bullish (0.39)||Neutral (0.18)||Bullish (0.42)||Very Bullish (0.58)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.37)||Bullish (0.42)||Bullish (0.25)||Bullish (0.43)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.49)||Bullish (0.35)||Very Bullish (0.59)||Very Bullish (0.53)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Very Bearish (-0.59)||Very Bearish (-0.68)||Very Bearish (-0.74)||Bearish (-0.36)|