S&P 500, NASDAQ Close at New Records Ahead Of Major Tech Earnings

3 min read | April 26, 2021 11:09 PM BST | By Team Kalkine Media

The U.S. stock market benchmark indexes S&P 500 and NASDAQ Composite Index ended higher on Monday, April 26, marking new closing records ahead of the major earnings. S&P 500 gained 7 points and tech-savvy NASDAQ surged 122 points.

However, the Dow Jones Industrial Average lost 62 points on Monday. The decline in consumer and energy stocks offset growth in the financials and industrial stocks on the index.

The S&P 500 rallied 0.18 percent to 4,187.62 while NASDAQ Composite Index rose 0.87 percent to 14,138.78. The Dow Jones was down 0.18 percent to 33,981.57. The small-cap Russell 2000 grew 1.15 percent to 2,298.01.

Tesla shares rose 1.21 percent on Monday ahead of its earnings. The U.S electric carmaker is scheduled to report its first-quarter earnings today after the market close.

Major technology companies including Apple, Microsoft, Amazon, Alphabet, Facebook and Qualcomm will also report their first quarter results this week.

A quarter of S&P 500 companies have already announced their March quarter results and most of them reportedly exceeded the street estimates.

@Kalkine 2021

Top Gainers

Top performers on S&P 500 were Otis Worldwide Corp (7.00%), Freeport-McMoRan Inc. (6.87%), Albemarle Corp. (5.79%) and Western Digital Corp (4.91%).

Reviva Pharmaceuticals Holdings, Inc. (104.23%), MicroVision Inc (47.13%), Proofpoint Inc. (31.05%) and Naked Brand Group Ltd (29.12%) were top performers on NASDAQ.

On Dow Jones, American Express Co (4.16%), Boeing Co (1.28%), Goldman Sachs Group Inc. (1.23%) and Nike Inc. (1.08%) gained the most.

Top Losers

Top laggards on S&P 500 were ETSY Inc (4.39%), Mckesson Corp (2.28%), Kroger Co (2.17%) and Masco Corp (2.08%).

Dorman Products Inc (11.07%), Sypris Solutions Inc (9.62%), Idex Biometrics ASA (8.94%) and BBQ Holdings Inc (8.46%) were among the top losers on NASDAQ.

On Dow Jones, Procter & Gamble Co (2.00%), Coca-Cola Co (1.49%), Walmart Inc. (1.42%) and Travelers Companies Inc (1.34%) were laggards.

Image Source: EODHD/Others, NASDAQ Composite Index year to date chart

Volume Movers

Top volume movers were Ocugen Inc (32.06M), MicroVision Inc (31.43M), Sundial Growers Inc (24.48M), Naked Brand Group Ltd (21.49M), Apple Inc (15.33M), General Electric Co (15.20M), Castor Maritime Inc (13.48M), Advanced Micro Devices Inc (11.48M), Advanced Micro Devices Inc (11.47M), Intel Corp. (10.97M), Reviva Pharmaceuticals Holdings, Inc. (10.93M) and ViacomCBS Inc (10.03M).        

Futures & Commodities

Gold futures were up 0.19 percent to US$1,781.15 per ounce on Monday. Silver rose 0.77 percent to US$ 26.277 per ounce and copper grew 2.54 percent to US$ 4.4512.

Brent oil futures remained flat at US$65.17 per barrel, while WTI crude decreased 0.27 percent to US$61.97.

Bond Market

The 30-year Treasury bond yields decreased 0.29 percent on Monday to 2.245 while the 10-year bond yields were up 0.09 percent to 1.5684.

US Dollar Futures Index was slightly down 0.04 percent to US$90.805 on April 26.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next