DJIA Marks a Record Close
$DIA, $SPY, $QQQ, $RUTX, $VXX
Tuesday, the DJIA marked a record closing high but the S&P 500 and NAS Comp finished in the Red.
The Russell 2000 also struggled Tuesday, losing 1.0% to extend its weekly loss to 2.4%. The small-cap index has been weighed down this week by a last-minute trade deal between the US and Canada, which has brightened the outlook for global trade and, in turn, weakened demand for smaller, domestically-focused companies.
Dividend-paying sectors were the best performers of the major S&P sectors, with utilities up 1.3% and consumer staples up 0.6%.
FANG members: Facebook (FB), Netflix (NFLX) and Amazon (AMZN) kept the NAS Comp in check.
The DJIA was boosted by names such as Boeing (BA) and Caterpillar (CAT) as participants remained upbeat on trade-sensitive companies following the trade deal (USMCA) negotiated between the United States, Canada and Mexico.
Tuesday, the major US stock market indexes finished at: DJIA+122.73 at 26773.94, NAS Comp -37.75 at 7999.53, S&P 500 -1.16 at 2923.27
Volume: Trade on the NYSE came in at 808-M/shares exchanged
Decliners outnumbered advancers on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 2.16-to-1 ratio favored decliners
The S&P 500 posted 20 new 52-week highs and 11 new lows; the NAS Comp recorded 35 new highs and 124 new lows.
- NAS Comp +15.9% YTD
- Russell 2000 +7.9% YTD
- S&P 500 +9.3% YTD
- DJIA 8.3%+ YTD
HeffX-LTN’s US Major Stock Market Indexes Technical Analysis
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