Fed Powell helps the stocks reach a record close once again for the S&P and Nasdaq


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Fed
Powell
reiterated
the
dual
risks.
That
is
it’s
not
just
inflation
as
chair
Powell
feels
it
is
starting
to
decelerate
again.
This
time
employment
is
also
a
concern.
Bad
news
is
still
good
news.
That
may
change
going
forward,
but
for
now
the
broader
S&P
and
NASDAQ
once
again
closed
at
record
levels.
For
the
S&P
index
it’s
the
6th
consecutive
record
close.
The
index
rose
above
5600
for
the
first
time
today.
The
NASDAQ
index
closed
at
a
new
record
level
for
the
7th
consecutive
day
(the
new
high
was
on
July
2)

Apple
closed
higher
for
the
seventh
consecutive
day.
Tesla
closed
higher
for
the
11
consecutive
day.

The
final
numbers
are
showing:

  • Dow
    Industrial
    Average
    average
    searched
    429.39
    points
    or
    1.09%
    at
    39721.37
  • S&P
    index
    rose
    56.95
    points
    or
    1.02%
    at
    5633.92.
  • NASDAQ
    index
    rose
    218.16
    points
    or
    1.18%
    at
    18647.45

The
small-cap
Russell
2000
rose
22.28
points
or
1.10%
at
2051.75.

Some
of
the
big-name
gainers
today
included:

  • Apple,
    up
    $4.30
    or
    1.88%
  • Nvidia
    rose
    $3.55
    or
    2.7%.
    Remember
    Nvidia
    is
    coming
    off
    of
    a
    10:1
    stock
    split.
  • AMD
    rose
    3.85%.
    Its
    shares
    are
    up
    16.66%
    since
    July
    1
  • Micron
    rose
    $5.25
    or
    4.0%
  • Intel
    has
    seen
    its
    price
    raise
    13.07%
    over
    the
    last
    six
    trading
    days,
    but
    is
    still
    down
    some
    28%
    on
    the
    year.

Some
newer
risers
in
the
market
are:

  • Palantir
    rose
    $1.03
    or
    3.76%.
    Since
    June
    21
    (12
    trading
    days),
    shares
    are
    up
    19.21%
  • Corning
    continues
    its
    three-day
    run
    to
    the
    upside
    which
    has
    seen
    the
    price
    move
    from
    $38.44
    to
    $45.48
    (up
    18.31%).
    Today
    the
    shares
    rose
    1.81%

After
the
close,
Costco
has
announced
that
it
would
raise
membership
prices
by
five
dollars.
Shares
are
up
$36
or
4.10%
at
$920.