Incredibly Positive Day for Stock Market on Monday
The stock market had an incredibly positive day on Monday, many of the stocks we follow closing at the highs for the day and other reaching new all-time highs.
As China’s manufacturing showed a better-than-expected increase early on Monday, U.S. continued to push higher. The S&P 500 and Nasdaq 100 gapped up in the morning, bounced, came down slightly, consolidated, rallied, and took off and ran for the rest of the day, until the last five minutes when they pulled back to close slightly off the highs for the day. It was an awesome session and a big day for Wall Street.
Net on the day, the Dow (NYSEARCA:DIA) was up 329.74 at 26,258.42, 22 points off the high. The S&P 500 (NYSEARCA:SPY) was up 32.79 to 2867.19, 2 points off the high. The Nasdaq 100 was up 99.64 to 7478.42, 3 points off the high.
Advance-declines were 3 to 1 positive on the New York Stock Exchange, and 2 to 1 positive on the Nasdaq(NYSEARCA:QQQ). New York’s total volume was 3 billion shares traded and the Nasdaq traded 2.1 billion shares.
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TheTechTrader.com board was mostly all green on Monday. Amazon.com, Inc. (AMZN) was up 33.44 to 1814.19, Alphabet Inc. (GOOG) up 21.12, to 1194.43, Apple Inc. (AAPL) 1.29 to 191.24, Facebook, Inc. (FB) 2.01 to 168.70, and Netflix, Inc. (NFLX) 10.40 to 366.96.
Tesla, Inc. (TSLA) jumped 9.32 to 289.18, NVIDIA Corporation (NVDA) up 2.72 to 182.28, Intuitive Surgical, Inc. (ISRG) 4.96 to 575.54, Microsoft Corporation (MSFT) 1.08 to 119.02, Baidu, Inc. (BIDU) 5.55 to 170.40, and First Solar, Inc. (FSLR) 1.27 to 54.11.
Other stocks to the upside included Roku, Inc. (ROKU) 4.60 to 69.11, Square, Inc. (SQ) up 1.38 to 76.30, Veoneer, Inc. (VNE) 1.28 to 24.15, 58.com Inc. (WUBA) 1.69 to 67.37, UP Fintech Holding Limited (TIGR) 1.06 to 14.00, StoneCo Ltd. (STNE) 1.82 to 42.93, Inphi Corporation (IPHI), Exact Sciences Corporation (EXAS) 3.63 to 90.25, Charlotte’s Web Holdings, Inc. (CWBHF) reached a new 52-week high, 1.20 to 21.14, and Momo Inc. (MOMO) 2.57 to 40.81.
There were some stocks to the downside. Point-plus losers included Teladoc, Inc. (TDOC) down 2.00 to 53.60, Alibaba Group Holding Limited (BABA) 1.56 to 180.89, and Lyft, Inc. (LYFT) 9.28 to 69.01.
The Direxion Daily S&P Biotech Bull 3X ETF (LABU) dropped 44 cents to 59.44.
Checking TheTechTrader.com percent-gain leaderboard, Puxin Limited (NEW) popped 82 cents, or 12%, to 7.75. Advaxis, Inc. (ADXS) ran up to 10.79 at the opening, came down, pulled back and closed up 60 cents, or 10%, to 6.51, on 14 million shares.
PhaseBio Pharmaceuticals, Inc. (PHAS) jumped 2.87, or 30%, to 12.38, on 1.5 million shares. ION Geophysical Corporation (IO) gained 1.80, or 12%, to 16.24. Gates Industrial Corporation plc (GTES) eked out 1.42, or 10%, to 15.76.
Melco Resorts & Entertainment Limited (MLCO) gained 1.84, or 8%, to 24.43, on 4.4 million shares. Village Farms International, Inc. (VFF) ran 1.31, or 9%, to 15.32, on 2.3 million shares.
Among other gainers, Cadence Design Systems, Inc. (CDNS) was up 1.29 to 64.80, ArcelorMittal (MT) up 1.07 to 21.45, Xerox Corporation (XRX) 1.03 to 33.01, Wynn Resorts, Limited (WYNN) 10.02 to 129.34, Activision Blizzard, Inc. (ATVI) 1.59 to 47.12, 3M Company (MMM) 4.16 211.94, Pyxus International, Inc. (PYX) 1.27 to 25.16,
Let’s see what happens tomorrow.