XLF index rises for the first time in 13 days
The US stocks had a recovery day with the Nasdaq tech stocks and financials leading the way.
The financial ETF index rose for the 1st time after 13 straight days of declines. That comes on the day of the 2nd stress test results after the close (supposed to be good news for dividend and buybacks). That index rose 0.87% on the day.
The major indices saw:
- S&P rose 16.68 points or 0.62% at 2716.31. The low reached 2691.99. The high reached 2724.34
- Nasdaq rose 58.60 points or 0.79% at 7503. The low reached 7419.55. The high extended to 7526.
- The Dow rose 98.46 points or 0.41% at 24216.05. The low reached 23997. The high reached 24308.16.
Winners included:
- Twitter, up 2.52%
- Amazon, up 2.47%
- Morgan Stanley, up 2.37%
- Citigroup up 2.22%
- Nvidia, up 2.18%
- Mastercard, up 2.02%
- Alibaba up 1.81%
- JP Morgan up 1.65%
- Tesla, up 1.58%
- Bank of America, up 1.58%
- Goldman Sachs, up 1.47%
Losers today included drug stores on the news Amazon would be entering the online drug market on the back of the purchase of Pillpack:
- Walgrens, fell -9.90%
- CVS fell -6.10%
- Rite aid fell -10.66%
Airlines were down too as concerns about higher fuel costs is likely to weigh on earnings:
- United Continental fell -0.17%
- Delta Airlines fell -0.18%
