Dow and S&P close at records

The major stock indices all closed higher but it was the Dow and the Russell 2000 which did the best. The Nasdaq lagged.

Looking at the closing levels:

• Dow Industrial Average average soared 742.74 points or 1.85% at 40,954.49. That is the 2nd consecutive record close.
• S&P index rose 36.40.64 percent at 5667.21. That was another record close
• NASDAQ index rose 36.77 points or 0.20% at 18509.34. The all-time high was reached last Wedsnesday at 18647.45
• Russell 2000 rose 76.65 points or 3.50% at 2263.67. It is the 2nd day in the last 4 with gains of 3.5% or more.

Some big winners (and Dow stocks)

• UnitedHealth, +6.48%
• Caterpillar +4.28%
• Boeing +3.89%
• Home Depot +2.96%
• Dow + 2.7%

How about the Magnificent 7? Only Amazon, Apple, and Tesla had positive results for the day.

• Meta Platforms -1.28%.
• Amazon +0.16%
• Nvidia -1.62%
• Alphabet -1.40%
• Apple +0.18%
• Microsoft -0.98%
• Tesla +1.55%

So how are the indices doing year-to-date with the shift in leaders over the last few days:

• Dow Industrial Average average, +8.66%.
• S&P index +18.81%
• NASDAQ +23.3%
• Russell 2000 +11.67%. The Russell 2000 is up 5.37% for the week after rising 5.99% last week as it plays catch-up. .

This article was written by Greg Michalowski at www.forexlive.com.