US stocks close the day mixed. The major indices close the week higher.

US stocks end the day with mixed results. The Nasdaq continues its 6-day winning streak, while the Dow closes lower. Despite modest gains, the major indices are up for the week after last week's declines. S&P index moves above all-time high but closes below it.

Greg Michalowski

Friday, 12/01/2024 | 21:16 GMT

The major US stock indices are ending the day with mixed results. The Dow was lower on the day and although both the S&P and Nasdaq closed higher, it was only by modest changes. Nevertheless, the Nasdaq is now up 6 consecutive days after starting the New Year on the back foot by moving sharply lower. The last two days, however, have only risen by about 0.02%

The final numbers are showing:

Dow Industrial Average is down -118.06 points or -0.31% at 37592.99
S&P is closing up 3.61 points or 0.08% at 4783.84
Nasdaq is closing up 2.56 points or 0.02% at 14972.75.

For the trading week, the major indices are ending with gains after declines last week that snapped 9-week gains for the S&P and the Nasdaq indices:

Dow Industrial Average rose 0.34%. Last week the index fell -0.59%.
S&P index rose 1.84%. Last week the index fell -1.52%.
NASDAQ index rose 3.09%. Last week the index tumbled -3.25%.

A negative - at least technically - is that the S&P index moved above is all-time high closing level both yesterday and today, only to close below that level on each of the days. The high closing level is at 4796.57. The high price today reads 4802.40.. The high price yesterday reached 4798.50.

The earning season got underway with JPMorgan, Citi, Wells Fargo announcing.

Next week, other financial institutions are scheduled to release including

Tuesday: Morgan Stanley, PNC, Goldman Sachs
Wednesday Citizens Financial Group, U.S. Bancorp, Discover
Thursday: Key Bank, M&T Bank, Truist, Northern Trust
Friday: State Street, Comerica, Ally

Thinking about other earnings releases going forward? Below is a summary of the earnings calendar for some of the major companies:

January 23: Netflix, 3M, Intuitive Surgical, Verizon, Johnson & Johnson, P&G
January 24: Tesla, IBM, servicenow
January 25: Intel, Southwest Airlines, Northrop Grumman
January 26, Caterpillar, American Express
January 30: AMD, Pfizer, GM, UPS, Stryker
January 31: Microsoft, MasterCard, Boeing, Phillips 66, Boston Scientific
February 1: Apple, Meta, Alphabet, Merck, Honeywell, Amazon
February 2: Chevron, Exxon
February 5: McDonald's
February 6: Ford, Chipotle
February 7: Walt Disney, PayPal, McKesson
February 8: ConocoPhillips
February 9 PepsiCo

Thank you for your support. Wishing all a happy and healthy weekend.