Wizzwatch Market Newsletter

As we end the week in trading on the holiday shortened week and we have a new president in the white house the market continued to head into new high territory.  The Dow Jones Industrial Average, the tech weighed Nasdaq as well as the S&P 500 all ended the week on positive notes. The prices of gold and silver also advanced as the price of oil retreated along with bitcoin.

The Dow Jones Industrial average began the week trading at 30,887.42 and declined to a price low at 30,806.03 before ending the week trading higher. The top price movers in the Dow 30 for the week were (AAPL) Apple, Inc. +9.38%, (MSFT) Microsoft +6.25%, (CRM) Salesfirce.com +5.93%, (AXP) American Express +3.27% and (AMGN) Amgen +3.26%.

As the week ended, the dow finished the week trading at 30,996.98 up 182.72 or 0.59% on lighter than average upside trading volume of 1.64 billion.

At the Nasdaq, the index continued to soar into new high ground for 13 of the past 18 trading weeks. The top movers in the index for the week were (NFLX) Netflix +13.49%, (PCAR) Pacaar +12.13%, (NTES) NetEase, Inc. +11.12%, (GOOGL) Alphabet, Inc. +9.55% and (AAPL) Apple, Inc. 9.38%.

As the market came to a close the Nasdaq Composite Index ended the week trading at 13,543.06 +544.56 or 4.19% on heavier than average trading volume of 26.08 billion. The average weekly trading volume for the index is 19.97 billion.

As for the S&P 500, the index closed to end the week trading in new price high territory. The Index started the week trading at 3,781.88 and moved to a price low at 3,780.37 before ending the week trading higher.

As for the top percentage gainers in the index to help move higher were companies such as (F) Ford Motor Company +17.19%, (PHM) Pulte Group +14.50%, (NFLX) Netflix +13.49%, (PCAR) Pacaar +12.13%, and (DHI) DR Horton, Inc. +12.04%.

The S&P 500 closed to end the week trading at 3,841.47 up +73.22 or +1.94% on lighter than average weekly trading volume of 9.73 billion. The average weekly trading volume for the index is 12.10 billion. 

By Marlin Rolle