New record on US 500!

The market moved up Thursday, and S&P 500 ended at 5714 points, which is an increase of 1.7 percent. The index thereby broke the previous record from Jul 16 and set a new all time high. The index has thereby closed up eight out of the past nine days.

352 shares showed a gain and 146 showed a loss. 4 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 329.5 billion.

Meta Platforms A gained 3.9 percent to 559 $. The stock thereby broke the previous record from Jul 5 and set a new all time high. The stock has now risen for the fourth day in a row. The stock triggered a buy signal by the break up through the resistance at 550 $ in rectangle formation. A further increase to 672 $ within eight months is indicated.
Alphabet A developed positively, and gained 1.5 percent to a close of 162 $. The stock has now closed up for the seventh day in a row and this past week the stock has gained as much as 4.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 140 $ and a further increase is indicated.
Tesla ended with a solid gain of 7.4 percent and closed at 244 $. The previous time the stock gained this much was Jul 2, when it closed up 10.2 percent. The stock has thereby closed up 11 out of the past 15 days. Technically it also looks good. The stock is assessed as technically positive for the medium long term.
Caterpillar ended with a solid gain of 5.1 percent and closed at 373 $. The previous time the stock gained this much was Dec 14. 2023, when it closed up 6.4 percent. The stock has now closed up for the ninth day in a row. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Apple ended with a solid gain of 3.7 percent and closed at 229 $. The previous time the stock gained this much was Jun 11, when it closed up 7.3 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.

Winners Thursday

Darden Restaurants8.25%
Tesla7.36%
Quanta Services6.49%
PayPal6.09%
Monolithic Power Systems5.86%

Losers Thursday

Deckers Outdoor-3.26%
Ventas-3.13%
Arthur J. Gallagher & Co-3.08%
Moderna-2.63%
Charter Communications A-2.44%

Most traded Thursday

NVIDIA34595.60
Tesla25049.26
Apple15284.24
Microsoft9522.45
Meta Platforms A8748.21
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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