Technical Analysis

Stocks in the US close lower. Nvidia earnings after the close.

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The major US stocks indices are closing the day mixed (the Nasdaq closed modestly higher)

  • The S&P is down for the 4th consecutive day and is closing below the 4000 level.
  • The Nasdaq snapped a 3 day decline
  • The Dow was the worst performer with a decline of -0.25%

The final numbers are showing:

  • Dow fell -83.26 points or -0.25% at 33046.34
  • S&P index fell -6.08 points or -0.15% at 3991.27
  • NASDAQ index rose 14.78 points or 0.13% at 11507.08
  • Russell 2000 rose 6.45 points or 0.34% at 1894.67

Looking at the S&P index on the daily chart, the low price today skimmed a upward sloping trend line at 3979.40. The low price reached just below that level 3976.90 but bounced higher.

S&P skims along an upward sloping trendline

Earnings after the close

eBay

  • EPS $1.07 versus $1.06 estimate
  • Revenues $2.51 billion versus $2.47 billion estimate

Nvidia

  • EPS $0.88 vs $0.81 estimate
  • revenues $6.05B vs $6.01B estimate
  • Shares are up 7% in after hours trading.

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