HimMajor indices closing near the lows
The major US indices are closing lower on the day.
- The NASDAQ breaks a 5 day win streak.
- The major indices are also closing near the lows for the day.
- No records after the S&P and Nasdaq after record closes yesterday. The S&P did extend to a intraday record high. The NASDAQ however could not get to the recent all time high price
The final numbers are showing:
- S&P index -5.78 points or -0.15% at 3849.58
- NASDAQ index -9.926 points or -0.07% at 3626.06
- Dow industrial average fell -22.9 points or -0.07% at 30937.04
Although the major indices moved lower today, the Gamestop (GME) did not care. It rose another 88.3% to $144.37 as the short squeeze continues.
Adding more fuel to the bullish fire, after the close Microsoft beat on the top and bottom line earnings by a lot.
- Azure revenues increase the 50% (better than expected).
- Q2 revenues came in at 43.08 billion vs. 40.20 billion estimate.
- The EPS came in at 2000 $0.03 vs. an estimate of $1.64.
- Guidance will be provided during the earnings call
- productivity revenues 13.35 billion vs. 12.94 billion estimate
- intelligent cloud revenues 14.6 billion vs. estimate 13.75 billion
- more personal computing revenues 15.12 billion vs. 13.55 billion
GME has already traded to $183 in after hour trading. That’s another 27%. Meanwhile poor MSFT is only up 5.6% in after hours trading.
This article was originally published by Forexlive.com. Read the original article here.