Nasdaq Up, Dow Jones and S&P 500 Retreat Again
Today the risk sentiment was off again in financial markets, sending S&P 500 lower, while the USD continued to grind higher.
Today the risk sentiment was off again in financial markets, sending S&P 500 lower, while the USD continued to grind higher. Crude Oil received some bids today which briefly sent US WTI above $72 as comments point to further escalation of the Middle Eastern conflict, however the US private API crude inventories showed a buildup.
S&P 500 Chart Daily – Retreating for the 2nd Day
Yesterday, the Nasdaq closed with gains, while the S&P 500 and Dow Jones ended the session lower. Stock markets have been on an upward trend throughout the fall, but it seemed like a natural pause was due, giving buyers time to reassess after recent highs. Both the Dow and S&P had reached record levels in the previous weeks, so this pullback wasn’t unexpected. A similar pattern unfolded today, with the Nasdaq climbing to its highest close since July, while the Dow and S&P registered their second consecutive day of declines.
Closing Prices for Major US Stock Indices
- Dow Jones Industrial Average: -6.71 points (-0.02%) at 42,924.89
- S&P 500 Index: -2.78 points (-0.05%) at 5,851.20
- NASDAQ Index: +33.12 points (+0.18%) at 18,573.13
- Russell 2000: -8.18 points (-0.37%) at 2,231.52
Texas Instruments:
- Reported better-than-expected earnings and revenues, but weak guidance led to stock falling -0.54% in volatile after-hours trading
- EPS: $1.47 vs. $1.38 expected
- Revenues: $2.17 billion vs. $2.12 billion expected
- Q4 revenue guidance: $3.7–4 billion vs. $4.08 billion expected
Starbucks:
- Q4 EPS came in weaker than expected
- EPS: $0.80 vs. $1.03 expected
- Revenues: $9.1 billion
- Shares trading down -2.81%
Seagate Technologies:
- EPS: $1.58 vs. $1.47 expected
- Revenues: $2.17 billion vs. $2.12 billion expected
API Crude Oil Inventories:
- Crude oil: +1.643 million barrels vs. +0.7 million barrels expected
- Distillates: -1.478 million barrels
- Gasoline: -2.019 million barrels
- Cushing: -0.216 million barrels
- SPR: +0.7 billion barrels
S&P 500 Live Chart
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