Dow industrial average cannot stay in positive territory. S&P and Nasdaq close higher. | Forexlive
The major US indices are closing mixed again with the Dow industrial average moving lower for the 7th time in 8 trading days in the month of May. The S&P and NASDAQ index closed higher with the NASDAQ index leading the way with a gain of over 1%.
Although the Dow is down once again, it still is well above its May low at 32935.44, thanks to a gain of 546 points from Friday’s unemployment day surge.
The final numbers are showing:
- Dow Industrial Average -30.83 points or -0.09% at 33531.01
- S&P index +18.39 points or 0.45% at 4137.59
- NASDAQ index up 126.88 points or 1.04% at 12306.43
- Russell 2000 rose 9.83 points or 0.56% at 1759.51
Looking at the Dow, the biggest loser was American Express with a decline of -3.06%. Disney fell -1.02% ahead of their earnings after the close.
The biggest gainer in the Dow was:
- Salesforce rose 1.8%
- Microsoft gained 1.73%
- Apple rose 1.04%
- IBM rose 0.71%
Disney earnings are out and they are mostly lower.
- EPS $0.93 per share as expected.
- Revenues came in and $21.82 billion versus expectations of $21.79 billion expected
- Subscribers 157.8 million versus 163.17 million estimate.
- Average revenue per user $4.44 versus $4.52 estimate
Shares of Disney are trading down -2.12% at $98.95. Shares closed at $101.14.