^IXIC - NASDAQ Composite
| Previous Close | 10,745.30 |
| Open | 10,848.60 |
| Volume | 3,870,360,489 |
| Day's Range | 10,831.15 - 10,927.56 |
| 52 Week Range | 6,631.42 - 10,927.56 |
| Avg. Volume | 4,419,074,920 |
- Yahoo Finance
Stock market news live updates: Stock futures open little changed after tech-led rally
Stock futures clung to the flat line Monday evening after a tech-led rally during the regular session, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic.
- Barrons.com
The Dow Jones Industrial Average Rose Again. It Still Can’t Keep Up With the Nasdaq.
Strength in technology once again lifted the market, with the Nasdaq Composite hitting an all-time high. The S&P 500 advanced 0.7% to 3294.61, and the Nasdaq Composite gained 1.5% 10902.80, a record high.
- MarketWatch
A 10% selloff in the stock market is most likely, says expert who called March lows: ‘Something has to give’
Michael Wilson, chief U.S. equity strategist at Morgan Stanley, and his colleagues believe that the narrow breadth of winners in the stock market will likely result in a 10% correction before giving way to a renewed rally.
- Motley Fool
Stock Markets Jump Monday as Workhorse, Nikola Lead EV Stocks Higher
As we've seen often in recent months, the Nasdaq Composite led the way higher, but the Dow Jones Industrial Average and S&P 500 also managed to post solid gains. Electric vehicles continue to inspire a loyal group of investors, and between existing giants and up-and-coming newer players on the EV scene, there's been a lot of speculation about just how important a market the industry could become. Tesla (NASDAQ: TSLA) and its 4% rise played the most important role in giving the Nasdaq a boost, but gains of more than 20% for both Workhorse Group (NASDAQ: WKHS) and Nikola (NASDAQ: NKLA) showed the breadth of interest in the sector.
- Motley Fool
Nasdaq Climbs 158 Points on Zoom Growth Hopes, Microsoft's TikTok Talks
It's hard to believe in a coronavirus-plagued world, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) is up significantly for the year. The Nasdaq's gains in 2020 have come from several different corners, but the biggest influence has come from companies that are trying to meet new needs in the wake of the pandemic. Zoom Video Communications (NASDAQ: ZM) has become an essential service for millions of people, and its stock saw big gains Monday as investors continue to believe that it can grow from its new base.
- MarketWatch
Nasdaq ends at record as stocks rally after pickup in manufacturing activity to kick off August
U.S. stocks rise Monday to kick off the first trading day of August as investors were heartened by upbeat manufacturing data, even as talks appeared stalled over another round of coronavirus stimulus.
- Barrons.com
U.S. Stocks Close Higher as Nasdaq Hits a New High
The U.S. ISM manufacturing index came in at 54.2 for July, better than economists had expected. A flurry of news about deals is lifting markets as well.
- MarketWatch
Nasdaq Composite closes at record as stocks start August on a positive note
U.S. stocks finished higher on Monday to kick off the first trading session in August as investors eyed an increase in manufacturing activity across the world, along with stimulus negotiations in Washington. The S&P 500 gained 0.7% to end around 3,295. The Dow Jones Industrial Average advanced 236 points, or 0.9%, to finish near 26,664, based on preliminary numbers. The Nasdaq Composite rose 1.5% to 10,903, setting a new intraday and closing record on Monday. Investors were buoyed by the Institute for Supply Management's report that its manufacturing gauge rose to a reading of 54.2, its highest reading in 15 months. Any number above 50 represents an increase in industrial activity. Stalled negotiations in Congress over a new coronavirus relief package continued to draw attention amid worries that without additional stimulus funds the U.S. recovery could suffer a severe setback.
- MarketWatch
Like Warren Buffett half a century ago, quant firm admits to being ‘out of step’ with today’s bubbly conditions
Kailish Concepts, a quantitative analysis firm, borrowed words from the Berkshire boss in a note taking a deep dive into the “death of valuation” in today’s market.
- Barrons.com
Stocks Climb to Start the Month as New Virus Cases Fall
The Nasdaq Composite is once again leading the major indexes higher. Investors are hoping more news later this week around unemployment could help extend the gains.
- MarketWatch
Nasdaq Composite’s record rally takes it toward fastest 1,000-point milestone in 20 years
The Nasdaq Composite is starting August off on a high note, which could push the technology-laden benchmark to its fastest 1,000-point milestone in the past 20 years.
- Zacks
Stock Market News for Aug 3, 2020
Wall Street closed higher on Friday buoyed by strong earnings results of four tech behemoths defying coronavirus-induced economic devastation.
- MarketWatch
‘Massive consequences are coming,’ but that doesn’t mean it’s time to get out of the stock market, strategist says
Investors are eating up that common stock-market refrain lately, as they should. After all, the central bank is armed with essentially unlimited firepower, and it’s putting it to work by pumping a seemingly endless flow of liquidity into markets. Hence, sky’s the limit. For now.
- MarketWatch
S&P 500 hits highest level in 5 1/2 months as technology and health-care stocks rally--but other sectors slump
The S&P 500 index early Monday was climbing, pushing the broad-market benchmark to around its highest trading level since Feb. 21 at its intraday peak. The gains in the index were being powered by a rally in information technology shares and those for health care but the S&P 500's other nine sectors were trading in negative territory. Most recently, the S&P 500 was up 0.5% at 3,286 and had hit a peak at 3,292, which would mark its highest close since Feb. 21, according to FactSet data. Meanwhile, the Nasdaq Composite Index was trading in record territory, and hit an intraday peak, as a trend of gains in tech-related stocks continued. Meanwhile, Microsoft Corp. were powering the Dow Jones Industrial Average to gains after the tech giant said it was considering the purchase of the U.S. operations of TikTok, a Chinese-owned company.
- MarketWatch
Construction spending falls for fourth straight month in June
Outlays for construction projects fell 0.7% in June at a seasonally adjusted annual rate of $1.36 trillion, the Commerce Department reported Monday. This is the fourth straight monthly decline. Economists polled by Econoday had expected a 1.3% increase. Spending in May was revised to a 1.7% fall from the prior estimate of a 2.1% drop. Residential construction fell 1.5% in June, while spending on public construction projects fell 0.7%. Despite the declines, construction spending has held up relatively well in the pandemic, with spending up 0.1% on a year-on-year basis.
- TheStreet.com
Nasdaq Overcomes Resistance, but How Troublesome Is Breadth?
The Nasdaq continues to lead and grab the headlines. However, recent market action is not all lollipops and roses. While the Nasdaq Composite Index and Nasdaq 100 closed above their near-term resistance levels, their progress was marred, in our opinion, by a general deterioration in overall market breadth as participating stocks became more selective.
- Barrons.com
U.S. Tech Isn’t Heading Into Bubble Territory but Investors Should Rebalance Their Portfolios, UBS Says
U.S. tech isn’t heading into bubble territory but those heavily invested in the sector should rebalance their portfolios, according to UBS strategists.
- Barrons.com
Marathon Petroleum Stock Jumps, Microsoft Gains, and the Dow Is Higher
Signs of increased deal activity are lifting the market as investors look ahead to more earnings reports from big U.S. companies.
- Zacks
Wall Street is Northbound Defying All Concerns: 5 Top Picks
A new bull market that was developed last quarter exiting the coronavirus-induced short bear market, is raging forward in the third quarter too.
- Yahoo Finance
July jobs report, Disney earnings and more: What to know in the week ahead
Earnings season continues this week with another packed calendar for quarterly results. Meanwhile, the July jobs report is set for release Friday.
- Kiplinger
Stock Market Today: A Red-Hot Start to August
Microsoft's (MSFT) interest in TikTok sends the blue chip's shares soaring Monday; EV makers such as Nio (NIO) and Workhorse Group (WKHS) jump, too.
- Motley Fool
Retirement Savers: There Are Only 2 Reasons to Worry About a Stock Market Bubble
You've heard the whispers and warnings of a possible stock market bubble, and you're spooked. A stock market bubble happens when investor enthusiasm drives share prices up so high that they're disconnected from underlying value. Rising share prices are great for investors in the moment.
