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S&P snaps 5-day losing streak. Nasdaq 4 day slide stopped. | Forexlive

The major US indices are closing higher and in doing so, the S&P snapped a 5 day losing streak and the Nasdaq a 4-day slide.

The final numbers are showing:

  • Dow Industrial Average +183.56 points or 0.55% at 33781.47
  • S&P index +29.59 points or 0.75% at 3963.52
  • NASDAQ index up 123.46 points or 1.13% at 11082.01
  • Russell 2000 up 11.38 points or 0.63% at 1818.29

Some winners today included:

  • Game Stop +11.32%
  • Allibaba +6.62%
  • Nvidia +6.51%
  • Celsius +6.17%
  • Intuit +4.3%
  • snowflake +4.02%
  • Papa John’s +3.94%
  • Block +3.85%
  • Roblox +3.82%

on the downside

  • United Airlines -2.86%
  • Palo Alto networks -2.37%
  • Worthington industries -1.85%
  • First Solar -1.31%
  • Alphabet -1.3%
  • Biogen -1.04%
  • Bank of America -0.92%
  • Southwest Airlines -0.85%

After the close there are some key earnings including Lululemon, Costco, and Broadcom

Lululemon announced earnings with beats on the top and bottom line:

  • earnings -per-share two dollars per share versus $1.96 expected
  • revenues $1.86 billion versus $1.81 billion expected
  • sees fiscal year EPS $9.87 – $9.97 versus expectations of $9.91
  • fiscal year net revenue $7.94 – $7.99 billion versus 7.95 billion estimate
  • Shares are down after the close as they guide down for 4Q. Gross margins are lighter than expected as well.
  • Shares closed at $374.51 and is trading currently at $335.80

Docusign:

  • Earnings-per-share $0.57 versus $0.42 estimated
  • Revenues 646 million versus 627 million estimated
  • Docusign shares are trading up $5.60 or 12.89% in after-hours trading
  • shares closed that $43.75 and are trading at $49 in after-hours trading

Broadcom:

  • earnings-per-share $10.45 versus $10.28 expected
  • revenues $8.93 billion versus $8.90 billion estimate
  • Broadcom close that $531.08 that are trading at $539.95 in after-hours trading

Costco:

  • revenues $54.5 billion versus $54.64 billion estimate
  • EPS $3.07 versus $3.11 estimate
  • Costco closed that $481.42 and are trading down at $477.13 in after-hours trading