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Monday, June 21, 2021
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The US Benchmark Indexes Marked Record Closes Again

$DIA $SPY $QQQ $RUTX $VXX

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!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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