S&P is positive on the year

The major US indices closed higher once again with the NASDAQ index leading the way with a gain of 1.61%. Today’s move was fueled by the expected CPI data (0.2% for the headline and core measure versus 0.3% expected).

The S&P index is now positive on the year by 0.08%. The NASDAQ index is within -1.56% of its closing level for 2024, and now industrial average is now down -0.95%.

For the trading day:

• Dow industrial average fell -269.67 points or -0.64% at 42140.43. The Dow 30 was dragged down by UnitedHealth which tumbled -17.83% after its CEO resigned, and did not give forward guidance.. The decline took about 400 points off of the Dow itself.
• S&P index rose 45.36 points or 0.72% at 5886.55.
• NASDAQ index rose 301.74 points or 1.61% at 19010.08
• Russell 2000 rose 10.15 points or 0.49% at 2102.34

Some big winners today:

• First Solar – +22.63%

• Super Micro Computer – +15.99%

• Robinhood Markets – +8.93%

• Palantir – +8.10%

• Rocket – +8.10%

• ETH/USD – +7.44%

• Block – +5.74%

• NVIDIA – +5.59%

• American Airlines – +5.48%

• ARK Innovation – +5.29%

• United Airlines Holdings – +5.06%

• Western Digital – +4.24%

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