US stocks close mixed on the day. Broader indices higher led by the Nasdaq index.

The broader stock indices closed higher for the second consecutive day this week. The gains were led by the Nasdaq index which tumbled -5.77% last week. After 2-days this week, the index is up 2.01%. The S&P which fell -4.25% last week, is up 1.61% after Monday and Tuesday.

The Dow industrial average fell today on the back of financials losing ground:

• Bank of America (BAC) fell -0.44% fter an early gain.
• JPMorgan (JPM) dropped -5.19%; COO Daniel Pinto suggested net interest income expectations were “not very reasonable.”
• Keefe Bruyette noted JPMorgan’s guidance was 21 cents below consensus.
• Goldman Sachs (GS) slid -4.39% following CEO David Solomon’s comments on weaker fixed income and equities results, down 10% year-over-year.
• Ally Financial (ALLY) plummeted -17.60% after revising margin guidance lower due to expected increased charge-offs and delinquencies in Q3.
• American Express fell -2.18%

A snapshot of the closing levels shows:

• Dow industrial average fell -92.64 points or -0.23% at 40736.96
• S&P index rose 24.46 points or 0.45% at 5495.52
• NASDAQ index rose 141.28 points or -0.84% at 17025.88

The small-cap Russell 2000 fell -17.64 points or -0.83% at 2097.43.

Some winners today included:

• Chewy up 6.01%. Today is our dog’s birtday. Happy Birthday Samson. You get a Chewy treat today
• Broadsom rose 5.26%
• Tesla +4.58%
• Moderna, +3.49%
• AMD, +3.39%
• Alibaba, +.2.92%
• Roblox, +2.91%
• Giliead +2.83%
• Amazon, +2.36%
• Mircrosoft, +2.09%

In addition to the Financial decliners outlined above, other losers today included:

• GM, -5.44%
• Ford, -3.24%
• Gamestop, -3.24%
• Dollar Tree, -3.01%
• Exxon Mobile, -2.71%
• Celcius, -2.7%
• Citigroup, -2.70%

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