US major indices close with mixed results

The major US indices are closing mixed with the Dow industrial average higher, while the S&P, NASDAQ and Russell 2000 are all lower

• NASDAQ and S&P is down for the third time in four trading days
• S&P and NASDAQ have the first weekly loss in four weeks
• All three major indices close lower for the week. Russell 2000 also lower
• transports on track for the worst week since October 20
• NASDAQ down nearly 4% on the week the final numbers are showing

A look at the final numbers for the major indices are showing:

• Dow industrial average rose 137.55 points or 0.4% at 34721.11.
• S&P index fell -11.93 points or -0.27% at 4488.27
• NASDAQ index fell -186.29 points or -1.34% at 13711.01
• Russell 2000 fell -15.23 points or -0.76% at 1994.56

For the trading week:

• Dow industrial average, -0.28%
• S&P index, -1.2%
•  NASDAQ 
  NASDAQ
  
  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.
  
  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.
  Read this Term index, -3.86%
• Russell 2000-4.68%

For the S&P index, it closed back below its 200 day moving average currently at 4492.89 (green line on the chart below). On Wednesday the price closed below that moving average, but rebounded back above yesterday before rotating back to the downside again today.

So overall, the market is saying it is a bit unsure as to the direction, but with the price below the 100 day moving average, the sellers are a little bit more in control.

ADVERTISEMENT – CONTINUE READING BELOW