Print Page - NASDAQ surges. S&P and Dow also off to a good start for the week

Title: NASDAQ surges. S&P and Dow also off to a good start for the week
Post by: forex4you on Jun 13, 2023, 04:23 am

NASDAQ surges. S&P and Dow also off to a good start for the week

Coming off a 7 straight weeks of gains, the NASDAQ index was certainly due for a correction, right?

Not today. The NASDAQ index sword by 1.53% with a gain of over 202.77 points to 13461.91. The S&P had a solid 0.94% gain to 4339.07. The Dow industrial average rose 190.47 points or 0.56% at 34067.24.

Everyone is looking for the correction. The CPI data will be released tomorrow. The Fed decision will be released on Wednesday. Regardless, the start to the week is a solid one.

Some winners today included:

broadcom +6.31%
Shopify, +6.0%
AirBNB 5.71%
Intel 5.52%
Adobe 4.54%
Taiwan semi conductor 4.15%
Palo Alto Networks 4.11%
Lam Research 3.45%
AMD 3.42%
Intuit 3.3%
Micron 3.09%

Oracle earnings are out with

EPS 1.67% versus estimate of $1.58
Revenues $13.84B versus estimate $713.73 billion

Oracle shares are trading down -$0.52 in after-hours trading at $116.01. It closed at $116.53

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

Source: NASDAQ surges. S&P and Dow also off to a good start for the week (https://www.forexlive.com/news/nasdaq-surges-sp-and-dow-also-off-to-a-good-start-for-the-week-20230612/)

forexlive.com

forex.pm forex forum binary options trade

Forex news -forex broker review => Forex => Topic started by: forex4you on Jun 13, 2023, 04:23 am