October 08, 2024 at 09:12PM
The major US indices are in a saw-tooth pattern over the last 3 days.
Looking at the major indices, the changes showed:
Dow Industrial Average: Up 341 points. Down -398. Up 126.13.
S&P: Up 51 points. Down 55.13 points . Up 55.21 points
Nasdaq. Up 219 points. Down -213.95 points. Up 259.01 points.
The percentage changes today showed:
Dow +0.30%,
S&P index +0.97%
NASDAQ index +1.45%
The small-cap Russell 2000 rose modestly by 0.09%.
China stocks did not do well today as concerns about stimulus have China started to resurface:
Tencent, -8.5%
Nio, -8.03%
Alibaba, -6.63%
iShares MSCI China ETF, -10.81%
The Shanghai composite index rose by 4.59% after coming back from its Golden Week holiday, but the Hong Kong’s Hang Seng index which was open last week fell -9.41% after sharp gains last week.
Some of the bigger gainers today included:
Trump Media & Technology Group: +18.54%
Robinhood Markets: +9.86%
Palantir: +6.56%
Chewy: +5.32%
Palo Alto Networks: +4.79%
Intel: +4.20%
NVIDIA: +4.05%
Block: +3.87%
American Airlines: +3.38%
Broadcom: +3.23%
Netflix: +2.82%
This article was written by Greg Michalowski at www.forexlive.com.