NASDAQ Marks Record High Close

NASDAQ Marks Record High Close

NASDAQ Marks Record High Close

$QQQ, $AAPL, $MSFT, $AMZN

Wall Street’s 3 major indexes rose Monday, led by a rally in tech stocks, pushing the NASDAQ to a record closing high as investors bet on a continuation of strong economic growth.

Apple (NASDAQ:AAPL) shares rose to their highest ever on investor bets on its annual developers conference and Microsoft (NaSDAQ:MSFT) impressed with an acquisition, pushing the S&P 500 technology index to a record high, while Amazon.com (NASDAQ:AMZN) led consumer stocks higher.

Better-than-expected NFPs (jobs) data for May was Key to investor optimism as traders turned their focus away from recent trade war fears.

There’s momentum from Friday’s job report that’s spilled into Monday’s trading and helped propel stocks higher.

The market is impressed “to see a jobs report so strong late in an economic expansion.

The NAS Comp added 52.13 points, or 0.69%, to reach 7,606.46, a record closing high.

The DJIA rose 178.48 points, or 0.72%, to 24,813.69, the S&P 500 gained 12.25 points, or 0.45%, to 2,746.87.

Overall the HeffX-LTN technical analysis for the US major market indexes is Bullish.

Stay tuned.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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