During
regular
trading
hours,
there
were
many
stocks
that
continued
to
break
up
to
the
upside.
These
stocks
are
usually
going
up
with
news.If
you
are
looking
to
day
trade
also
Also
check
out
my
Top 2014 Stock Gainers and Hottest Penny Stocks in 2014. Hot stocks Today Right Here.My Daily Trading Activities - Membership Access.
Quick Look Market Closing Price:
At the close
- Dow +0.55% to 16261. S&P +0.67% to 1842. Nasdaq +0.29% to 4034.
- Treasurys: 30-year +0.37%. 10-yr +0.11%. 5-yr +0.01%.
- Commodities: Crude -0.47% to $103.57. Gold -1.86% to $1302.8.
- Currencies: Euro -0.08% vs. dollar. Yen -0.01%. Pound +0.01%.
Market recap:
Stocks close higher after volatile session, Nasdaq claws back from losses
- Stocks swung from gains to losses and finally to gains in a volatile session, erasing a sharp midday swoon that saw the Nasdaq fall to near five-month lows before recovering.
- The main indexes closed a little under their morning highs, which came as Coca-Cola and J&J delivered upbeat earnings reports.
- Reports of pro-Russian separatists briefly taking control of an airfield in eastern Ukraine weighed on investor sentiment early on, but the mood brightened as it appeared a worst-case scenario wasn't happening.
- The rally in stocks and the dollar/yen pair also seemed to follow reports suggesting Japan may be set to lower its economic outlook, presumably fueling speculation that a downgrade would invite more policy stimulus from Japan.
- The utilities sector (+1.3%) ended ahead of the other groups, extending its YTD gain to 11.8%; the biotech ETF added 1%, while the broader healthcare sector advanced 1.1%.
- Recent intraday volatility warrants caution, Waverly Advisors CIO Adam Grimes says, as it implies a lack of conviction among traders: "You don't necessarily want to be buying dips, but you don't want to be selling into them either... It is a time for no action."
- Treasury prices strengthened as the rising tensions in Ukraine boosted demand, sending the benchmark 10-year yield to a six-week low below 2.6% before settling near 2.62%.
- Gold futures fell 2.1% to ~$1,300/oz. on apparent profit-taking following yesterday's three-week high for the metal.
Top gainers, as of 5:15 p.m.:
BVN +7.3%. ZGNX +6.8%. YHOO
+6.4%. FORM +3.2%. XLNX
+3.1%.
Top losers, as of 5:15 p.m.:
CARB -2.8%. COWN -2.0%. SQQQ -2.0%. USU
-1.8%. MYGN -1.7%.
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