The Princeton Research Report (TSLA, MRK, CAT, JPM, ENDP, JWN, C, ALXN, DIS, YHOO, NVDA, PG, URBN, XLF, GS) - Stock Market Recap for Friday, June 09, 2017
Stocks reached their best levels while James Comey was finishing his conversation. It had little effect; and stocks settled back down after he was finished: The Dow had been up Over 90 points but ended up only 9 points, just shy of a new all-time high.
The NASDAQ made a new record high of 6,321.76, up just 0.4%: Tesla ( TSLA: $ 370.00 ) + 10.35 gained 2.88% and Alexion Pharmaceuticals ( ALXN $ 102.92 + $ 2.78 or + 2.78%: Today's NASDAQ 100 stocks were led by NVIDIA ( NVDA: $ 159.94 ) + $ 10.82 or + 7.26% and of course Tesla and Alexion Pharmaceuticals.
The top DOW performers were: Goldman Sachs ( GS $ 218.76 ) + $ 2.98 or + 1.38%; Caterpillar ( CAT: $ 105.01 ) + $ 1.50 or + 1.45%; and JP Morgan Chase JPM ( $ 84.95 ) + $ 1.04 or _ 1.24%; Actually by day's end more Dow stocks were down than up. The biggest loser was Disney ( DIS: $ 104.32 ) -$ 1.60 or -1.51% and Merck ( MRK: $ 63.20 ) - $ 0.86 or – 1.34%: Procter and Gamble ( PG: $ 87.85 ) - $ 0.92 or -1.04%;
The S&P 500 was just shy of making a new high by a point ending flat 2433.79 ( up 65 cents ) Today's SP leaders made some double digit gains: Endo International ( ENDP $ 13.78 ) + 1.38 or + 11% Nordstrom ( JWN: $ 44.63 + $ 4.15 or + 10.25% ) Yahoo ( YHOO: $ 55.71 + 10.21% ) Urban Outfitters had the biggest decline ( URBN: $ 16.35 - $ 1.88 – 10.3% ); Retail stocks are in the cellar with little hope of recovery. Urban has declined almost 60% since November.
Financials were one the best sectors, necessary to continue the Bull Market; continued hot: The S&P Spider ( XLF: 23.74 ) + $ 0.27 or + 1.2%; led by City C: + $ 1.33 or + 1.2%; JPM ( $ 84.95 ) + $1.04 or + 1.2% were the best while here were smaller performers and laggards.
Weakness prevailed in Consumer defensive stocks down about 0.90%; Communication Services down 0.60%; Utilities were down 0.53%[ Energy fell again about 0.39%.Crude closed at $ 45.56 off 0.16%
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