Of late, US stocks have been doing extremely well and have been reeling in large profits for the last five weeks. With the market’s solid gains for five weeks in a row, the US markets’ weekly advance has been largely extended.
US stock market indexes performances and recordings
The Dow Jones financial market analysis is widely implemented while reading the performance of the US market stocks. The industrial average as per the Dow Jones theory reflected a 0.7% increase and the S&P500 and Nasdaq indexes measured a 0.4% increase together. The volume of stocks sold skyrocketed across the stock market boards mostly due to the expiration of the options derivative. The win-lose margin was 3-2 on the New York Stock Exchange Scale and 2-1 on the Nasdaq scale.
Top selling companies’ stocks and shares for the week in the US stock market
Since the 18th of march, for an entire week, the Dow Jones scale climbed more than 2% and there was a 1% climb or increase on the S&p500 scale and the Nasdaq scale. The top players in the US stock market companies were stocks and shares owned by medical companies, hotel operators and automobile makers. Starwood Hotels & Resorts that go by the stock market name- HOT, increased it’s shares and stocks sales by 5.5% in a hot trade off after rejecting a buyout offer by Marriott International – MAR. They instead accepted a higher bid from another group of investors headed by an insurance company from China called Anbang Insurance. Marriott’s share price rose by almost 2%.
Top performers in IBD’s top 50 list
TSLA or Tesla Motors’ share and stock price rose by 3% which declared them the winner for six sessions straight. Among the top 50 list of stocks by Investors’ Business Daily or IBD, Nvidia or NVDA rose by 3% reaching a 33.16 buy point in moderate volume. Argus was also doing well and covered the Tesla and Apple chip supplier with a good buying price.
Other companies in IBD’s top 50 list that did well were building products manufacturer U.S. Concrete (USCR) and chip designer MaxLinear (MXL). Their stocks and shares price each rose by 3.5%. Companies that didn’t do so well were digital services and mobile payment provider, PayPal (PYPL) whose price fell by 3% and finally reached par at 1.3% with its loss by the end of the trading day.
Other companies that underperformed were drug making companies, solar stocks and oil companies like West Texas Intermediate Crude.