There was a slight setback in US stock price action when redemption estimates for the second quarter were released and were much higher than expected. The broader S&P and Nasdaq indexes dipped into negative territory, but the fall stopped and the prices of the indexes rebounded until the close.
At the end of the day:
- The Dow Industrial Average rose 146.43 points or 0.38% to 38,386.10
- The S&P index rose 16.21 points or 0.32% to 5116.16
- The NASDAQ index rose 55.18 points or 0.35% to 15983.08
The small-cap Russell 2000 index rose 14.02.2 or 0.70% to 2016.02
Looking at some of the large cap stocks:
- Shares of Meta Platforms continued their decline with a drop of -10.67 points or -2.41% to $432.62. It’s time to hit $531.41 on April 5. Results and forecasts were disappointing for investors last week.
- Amazon will announce its results after tomorrow’s close. Its shares rose 0.75% today.
- Super Micro Computers rose $32.91, or 3.84 percent, to $890.35. SMCI to announce results after tomorrow’s close
- Microsoft shares fell -$4.07 or -1.0% to $402.28.
- Apple rose $4.20 or 2.48% to $173.50 following an analyst upgrade
- Tesla rose $25.76, or 15.31 percent, to $194.05, after Elon Musk’s surprise trip to China over the weekend.
A list of this week’s wins shows:
Tuesday April 30
- PayPal
- Lily
- 3M
- McDonalds
- Coca-Cola
- Amazon *
- AMD*
- Super microcomputers*
- Starbucks*
Wednesday May 1st
- Pfizer
- CVS
- MasterCard
- Marriott
- Qualcomm*
- Carvana*
Thursday 2nd of May
- Platoon
- Modern
- Apple *
- Coinbase*
- Block *
- DraftKings*
- Fortinet*
Friday May 3
cnbctv18-forexlive
