The major stock indices are on track for a record close.
The S&P index high close was reached on July 31 at 6408.05. It is currently trading up 49.47 points or 0.78% at 6422.93.
For the NASDAQ index its high close was on August 11 at 21523.43. It is currently trading up 167 points or 0.79% at 21553.10. That has now surpassed the intraday high price from yesterday at 21549.73.
Airlines are also doing quite well today after Delta reported better than expected earnings.
EPS came in at $2.10 per share adjusted to beat forecasts for $2.06 per share.Revenue increased less than 1% to $15.5 billion, narrowly topping views for $15.46 billion.It's shares are trading up 9.09% at $58.35, and tests the high price from July at $58.33. Looking at the chart below, the high price today is testing the high of a swing area between $56.52 and $58.33. Move above would add to the bullish bias. Support is now at $56.52 (61.8% retracement).
Other airlines are also sharply higher with American Airlines up 9.72%, United Airlines up 8.87%, and Southwest Airlines up 4.3%.
Apple shares have continued its run higher after yesterday's dip. Shares are trading at $230 up $2.75 or 1.2%. The high price from last Friday reached $231. The high price today has reached $230.59 so far.
Since it low earlier this month and its better than expected earnings, the price has surged 14.10%. The high price today extended to the highest level since March 10. For the year, Apple shares are still down -8.35%. It closed 2024 at $250.42 just short of its all-time high of $260.10.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about major stock indices on track for a record close nasdaq trades to intraday new high was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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