NASDAQ snaps five-day losing streak with its best day since November 6

The major stock indices cheered on the combined PPI and CPI data with sharp gains in the major indices. The NASDAQ index snapped its five day losing streak (-4.13%). The gain today retraced over half of that decline and had its best day since November 6 (post election day). The S&P index also had its best day since November 6.

The final numbers are showing:

• Dow industrial average rose 703.27 points or 1.65% at 43221.55. Like the S&P and NASDAQ index, the gain was largest since November 6
• S&P index rose 107 points or 1.83% at 5949.91.
• NASDAQ index rose 466.84 points or 2.45% at 19511.23.

The Russell 2000 rose 44.05 points or 1.99% at 2263.29, and yes that was its best day since November 6.

The Magnificent Seven outpaces with the exception of the Apple (with a gain of 1.97%)

• Tesla (TSLA): Price $428.22, Change +$31.86, Change +8.04%.
• Meta Platforms (META): Price $617.12, Change +$22.87, Change +3.85%.
• NVIDIA (NVDA): Price $136.24, Change +$4.48, Change +3.40%.
• Alphabet A (GOOGL): Price $195.55, Change +$5.89, Change +3.11%.
• Amazon.com (AMZN): Price $223.35, Change +$5.59, Change +2.57%.
• Microsoft (MSFT): Price $426.31, Change +$10.64, Change +2.56%.
• Apple (AAPL): Price $237.87, Change +$4.59, Change +1.97%. ​

The financials kicked off the earnings season today,, and they did not disappoint

• Citigroup, +6.49%
• Goldman Sachs, +6.02%
• Wells Fargo, +6.69%
• BlackRock, +5.19%
• J.P. Morgan +1.97%

Intuitive Surgical also announce their earnings and their sword by $41.23 or 7.65% to $580.11.

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