The stock market closed modest losses on Monday after technology shares rose, lifting the Nasdaq Composite Index to an intraday gain of 0.9%. After moving away from the 200-day moving average last week, the Invesco QQQ Trust (QQQ) rose, helped by significant gains in the electric vehicle manufacturer Lucid (LCID) And Splink (SPLK). Splunk jumped 9% on reports Cisco Systems (CSCOMake an offer to buy the company.
The 10-year Treasury yield was far from its highs but still rose 4 basis points to around 1.99%.
Stocks were poised for a tough open due to lingering concerns about a potential conflict between Russia and Ukraine as well as the increasingly hawkish Federal Reserve. But sentiment improved after Russia indicated it was still open to diplomacy to resolve the conflict. Stockpiles worsened in the afternoon after Ukrainian President Zelensky said he had been informed that Russia would attack on February 16.
West Texas Intermediate crude futures were boosted by the news, settling at $95.46 a barrel, up 2.5%.
Overview of the US stock market today
|index||Code||the price||win/loss||% changes|
|Standard & Poor’s 500||(0S & P5)||4403.02||-15.62||-0.35|
Last Update: 4:00 PM Eastern Time 14/2/2022
The Dow Jones Industrial Average was down 0.5% but Walt Disney (dis) And nike (NKE) bucked the trend with a gain of about 1%. Disney shares crossed the 50-day line last week after a bullish earnings report. Walgreens (WBA) And IBM (IBM) lagging in the leading stock index.
After dropping through the 14,000 level on Friday, the Nasdaq Composite closed mostly flat. Cursor has accumulated three Distribution days Since February 7 after New uptrend confirmed on Jan 31. However, the upside is clearly under pressure after Friday’s heavy selling.
nvidia (NVDA) also outperformed the Nasdaq, up 1.3%, ahead of its earnings report on Wednesday after the close. But after finding support at the 200-day line, Nvidia is still below the 50-day line, which is a potential resistance level to watch.
The S&P 500 closed 0.4% lower amid widespread weakness in oil and gas stocks. APA . company. (APA), marathon oil (MRO), Occidental Petroleum (OXY) And Diamondback Energy (fang) decreased by at least 3%.
Fertilizer stock hit
MarketSmith Growth 250 topped the performance of several technology stocks. Little hat Alpha and Omega semiconductors (AOSL) maintains support in 50 day moving average It also forms the right side of the base.
Online travel company Expedia (EXPE) bounced back after the downtrend reversal on Friday. EXPE stock pulled back from its highs but rose 2.5%. Expedia reported strong fourth-quarter results last week, but the stock pulled back with the broad market on Friday.
Expedia is Earnings option play in leaderboard.
All sectors of Standard & Poor’s were lower, but the SPDR Fund (XLY) bucked the trend, up 0.6%. The Fund assisted in the follow-up sessions of Tesla (TSLA) And Amazon.com (AMZN), which makes up about 40% of the fund.
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