Day Traders Diary


The major averages closed mixed with the Dow Jones Industrial Average closing above the key 40,000 level for the first time in history, a day after hitting that benchmark the day before. The 30-stock average rose 134 points, or 0.34%, to 40,003. The S&P 500 rose 6 points or 0.12%, to 5,303 while the Nasdaq Composite ended down 12 points, or 0.07%, to 16,685.

For the week, stocks finished higher with the Dow up 1.2% to notch its fifth straight weekly gain. The S&P 500 and Nasdaq climbed 1.5% and 2.1% on the week to date, their longest winning streak since February.

Information tech stocks rose 3% on the week, while real estate was up 2%. Health care and communication services, rose 1.8% and 1.7% respectively on the week.

Consumer discretionary and industrials were the only two sectors ending the week on a negative note.

The yield on the 10-year Treasury up more than 4 basis points at 4.42% but down on the week as economic data showed a cooling in economic growth and inflation this week. The 2-year Treasury closed at 4.829% after adding above 5% in the last week.

Gold and Bitcoin also performed well this week rising 2% and 9% respectively.

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