Coming off a 7 straight weeks of gains, the NASDAQ index was certainly due for a correction, right?
Not today. The NASDAQ index sword by 1.53% with a gain of over 202.77 points to 13461.91. The S&P had a solid 0.94% gain to 4339.07. The Dow industrial average rose 190.47 points or 0.56% at 34067.24.
Everyone is looking for the correction. The CPI data will be released tomorrow. The Fed decision will be released on Wednesday. Regardless, the start to the week is a solid one.
Some winners today included:
- broadcom +6.31%
- Shopify, +6.0%
- AirBNB 5.71%
- Intel 5.52%
- Adobe 4.54%
- Taiwan semi conductor 4.15%
- Palo Alto Networks 4.11%
- Lam Research 3.45%
- AMD 3.42%
- Intuit 3.3%
- Micron 3.09%
Oracle earnings are out with
- EPS 1.67% versus estimate of $1.58
- Revenues $13.84B versus estimate $713.73 billion
Oracle shares are trading down -$0.52 in after-hours trading at $116.01. It closed at $116.53