Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty

#74985
Truman
Participant

Dow +162.33 at 39331.85, Nasdaq +149.46 at 18028.76, S&P +33.92 at 5509.01

The stock market ended the session on an upbeat note. The major indices all closed near their highs of the day, which had the S&P 500 closing above 5,500 for the first time and had the Nasdaq Composite at a fresh all-time high.

Some mega cap names outperformed through the entire session, adding to gains in the afternoon trade. Tesla (TSLA 231.26, +21.40, +10.2%) was a standout in that respect, jumping 10% after it reported better-than-expected Q2 delivery numbers. Apple (AAPL 220.27, +3.52, +1.6%), Amazon.com (AMZN 200.00, +2.80, +1.4%), and Microsoft (MSFT 459.28, +2.55, +0.6%) were also among the influential winners, each hitting a 52-week high today.