The major US stock indices are moving higher in early US trading once again. The S&P index is up on pace for its 5th positive week in a row. The NASDAQ index is on pace for its 8th positive week in a row which is the longest win streak since March 2019.
A snapshot of the market currently shows:
- Dow Industrial Average 99.17 points or 0.29% at 34507.24
- S&P index up 11.67 points or 0.26% at 4437.52
- NASDAQ index of 13.39 points or 0.10% at 13796.21
Shares of Adobe are up $20.21 or 4.12% at $511.12 after beating on their earnings after the close yesterday and guiding higher.
Microsoft treated to a new all-time high at $351.47, but has since backed off. Apple also traded to a new all-time high at $186.96, but is now a negative on the day.
There is some profit-taking taking place in early trading.
Meanwhile, the US Open (as in the golf tournament) started yesterday. The US open is not to be confused with the US Open.
The golf is taking place at the Los Angeles Country Club and has some fine looking homes surrounding the course. One for sale is the estate built originally by Aaron Spelling. It is on the market for $155 million.
The Zillow description reads:
“The Manor” An unparalleled offering, an unrivaled setting, a showplace of the highest caliber. The Manor is undoubtedly one of the finest estates in the World. Majestically sited on 4.68 acres in the heart of Holmby Hills, The Manor offers complete privacy bordering the Los Angeles Country Club. Entirely clad in limestone and comprised of over 56,000sqft, The Manor offers every amenity imaginable. From bowling alleys to beauty salons, rolling lawns to rose gardens, a legendary library to professional screening room: the options are vast and endless. A rare opportunity to acquire one of the most important estates ever created.
There is a tennis court too, but no Pickleball court. What? No thank you.