US stocks snatch victory from the jaws of defeat

<p>The major US stock indices snatched victory from the jaws of defeat – especially in the S&amp;P and NASDAQ indices. At session lows, the S&amp;P was down -7.94 points. It is closing up 11.42 points. The NASDAQ index made a bigger comeback after being down -83.43 points and closed up 11.31 points on day. </p><p>Although yields were lower for most of the day, perhaps the lower yields eventually gave buyers a guide to push higher.</p><p>Having said that some of the high flyers of late close lower:</p><ul><li>Adobe, fell $-23.36 or -3.7% to $607.14</li><li>Amazon fell -$1.16 or -0.68% to $169.15</li><li>Nvidia fell $-11.09 or -1.60% to $682.23</li><li>Meta fell $-4.69 or -1.02% at $454.72</li><li>Microsoft fell $-0.16 or -0.04% at $405.49</li><li>Broadcom fell $-20.45 or -1.65% at $1222.65</li></ul><p>The final numbers are showing:</p><ul><li>Dow Industrial Average Rose 141.22 points or 0.37% at 38521.37</li><li>S&amp;P index rose 11.42 points for 0.22% at 4954.24</li><li>NASDAQ index rose 11.31 points or 0.07% at 15608.99</li></ul><p>The small-cap Russell 2000 reacting to lower yields rose 16.3 points or 0.85% at 1953.60</p><p>After the close there was a slew of earnings. Below are the results of some of the majors vs expectations:</p><p>In after-hours trading</p><ul><li>Snap shares are down -31.81%</li><li>Chipotle shares are up 2.9%</li><li>Fortinet shares are up 13.66%</li><li>Ford shares are up 5.8%</li><li>Amgen shares are down -0.23%</li><li>Gilead shares are down -2.86%</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.