A New Rise-up in Nasdaq, S&P 500 & Dow Jones Indices

A New Rise-up in Nasdaq, S&P 500 & Dow Jones Indices Despite some recent volatility, the U.S. stock market has reached new highs. A resurgence in tech stocks has lifted the tech-heavy Nasdaq to a 30% year-to-date gain, while the S&P 500 is up 8% and the Dow was flat through Thursday's close. The Russell 2000 is 6% underwater this year. The Nasdaq rose 0.5%, the Dow Jones industrials gained 0.3% and the S&P 500 was up nearly 0.3% in the stock market today. Small caps tracked by the Russell 2000 advanced 0.4%. Volume was lower on both major exchanges vs. the same time Thursday. The Nasdaq is eyeing a 3.4% jump for the week, the S&P 500 is up 2.9% and the Dow Jones index is up 2.3%. That would mark a fifth straight advance for the Nasdaq and S&P 500.

Covid-19 Update

Worldwide coronavirus cases are approaching 24.7 million, with nearly 837,000 deaths, according to Worldometer. In the U.S., confirmed cases have topped 6.05 million, with the death toll now close to 185,000. While the stock market has been in a confirmed uptrend since the April 2 follow-through day for the S&P 500, it's had hiccups as Covid-19 cases continue to proliferate. Intel (INTC), up 1.7%, was one of the Dow's biggest gainers. It's been trading well below its 50-day moving average since July 24, when shares plunged 16% after the chip giant said it would delay its advance to next-generation 7-nanometer chips by six months. Intel sits nearly 30% off its 52-week high. Other Dow stocks up more than 1% each included Microsoft (MSFT), Walmart (WMT) and Coca-Cola (KO).   You ight also be interested in:

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