Mixed results for the major indices today

Technical Analysis

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Dow industrial average down for the third consecutive day

The US major indices are ending with mixed results. The Dow industrial average was the worst performer thanks to a sharp decline in Disney shares. The S&P is closing modestly higher while the NASDAQ index had decent gains, but is closing well off the highs:

  • S&P and NASDAQ snapped a two day decline
  • Dow industrial average has fallen for three consecutive days
  • Major indices on pace for a down week for the first time after five consecutive weekly rises
  • The Russell 2000 led the way with a 0.82% gain

the final numbers are showing:

  • Dow industrial average -158.7 points or -0.44% at 35921.24
  • S&P index rose 2.56 points or 0.06% at 4649.27
  • NASDAQ index rose 81.58 points or 0.52% at 15704.28
  • Russell 2000-19.56 points or 0.82% at 2409.14

Looking at the different sectors of the S&P index, the winners included:

  • materials +0.85%
  • technology +0.53%
  • energy +0.31%
  • financials +0.31%

The losers today included:

  • utilities -0.75%
  • communication services -0.47%
  • industrials -0.42%
  • discretionary -0.25%

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