Looking like NO record close in the S&P today or the NASDAQ index


The S&P index closed at a record level yesterday, and today the intraday high made a new record at 6128.18. However gains have not been sustained, and the major indices are all trading down on the day.

A snapshot of the current market shows:

  • Dow industrial average is down -173 points or -0.39% at 44,391.70
  • S&P index is down -27.18 points or 0.44% at 6091.85
  • NASDAQ index is down -136.11 points or 0.67% at 19617

The record in the NASDAQ index is at 20173.89. The high price today reached 20118.61 – within 55 points of the record.

Given the current market, it does not seem any records will not be made today. There still is an hour and 1/2 left in trading but the bias seems to favor some profit-taking going into the weekend.