Home 2021 The US Benchmark Indexes Marked Record Closes Again

The US Benchmark Indexes Marked Record Closes Again

by Paul Ebeling


The DJIA, S&P 500 and Russell 2000 (+4.0%) finished higher, soaring to all-time highs again Thursday, as investors ignored the BLM, Antifa led Chaos on Capitol Hill.

Each of the major indexes closed at record highs Thursday in a momentum trade led by the tech stocks.

The NAS Comp outperformed with an impressive 2.6% gainer, followed by solid gains in the Russell 2000 (+1.9%), S&P 500 (+1.5%), and DJIA (+0.7%). 

Risk sentiment broadened out to nine of the 11 S&P 500 sectors.

The information technology (+2.7%), consumer discretionary (+1.8%), energy (+1.5%), and financials (+1.5%) sectors were the best-performing sectors, but the utilities (-1.3%) and consumer staples (-0.3%) sectors closed lower. 

Reviewing Thursday’s economic data, as follows:

  • The ISM Non-Manufacturing Index rose to 57.2% in December from 55.9% in November. The dividing line between expansion and contraction is 50.0%. The December reading reflects a faster pace of expansion than the prior month, and it is the 7th consecutive reading above 50.0%.
  • Initial claims for the wk ending 2 January decreased by 3,000 to 787,000 Continuing claims for the week ending 26 December decreased by 126,000 to 5.072-M

During the day President Trump called on his supporters to be peaceful .

Please support our Capitol Police and Law Enforcement,” he Tweeted. “They are truly on the side of our Country. Stay peaceful!

Thursday, the benchmark US stock market indexes finished at: DIA +211.73 at 31041.07, NAS Comp +326.69 at 13067.48, S&P 500 +55.65 at 3803.79

Volume: Trade on the NYSE came in at 1.1-B/shares exchanged

HeffX-LTN’s overall technicals analysis of the major US stoack market indexes is Very Bullish in here.

  • Russell 2000 +6.2% YTD
  • DJA +1.4% YTD
  • NAS Comp+1.4% YTD
  • S&P 500 +1.3% YTD

Looking Ahead: Investors will receive the Employment Situation Report for December, Consumer Credit for November, and Wholesale Inventories for November Friday.

Have a healthy day, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.