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

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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

forexlive.com