The Dow ended at 35,515 (+0.04%) after trading to an all-time high of 35,610. Key resistance at 35,500 was cleared and held. Continued closes above this level keeps upside momentum towards 35,750-36,000 in play.
The Nasdaq made an intraday run to 14,850 while settling at 14,822 (+0.04%). Key resistance at 14,900 held for the second-straight session. A close above this level and the record high at 14,896 from earlier this month would signal a trip towards 15,000-15,150.
The Russell 2000 was down for the second-straight session after tagging a late day low of 2,221 while finishing at 2,223 (-0.9%). Key support at 2,225 was breached and failed to hold. Continued closes below this level keeps a retest towards 2,200-2,175 in focus. Below is a chart of the IWM.
Activision Blizzard (ATVI) upgraded to Buy from Neutral at Citi
Cimarex Energy (XEC) upgraded to Buy from Neutral at Mizuho
Upstart (UPST) upgraded to Overweight from Equal Weight at Barclays
ContextLogic (WISH) downgraded to Perform from Outperform at Oppenheimer
Rackspace Technology (RXT) downgraded to Equal Weight from Overweight at Barclays
SmileDirectClub (SDC) downgraded to Peer Perform from Outperform at Wolfe Research
MONDAY'S EARNINGS ANNOUNCEMENTS
Akumin (AKU), BiomX (PHGE), CleanSpark (CLSK), DarioHealth (DRIO), FreightCar America (RAIL), LiqTech International (LIQT), Milestone Scientific (MLSS), Orbital Energy Group (OEG), Paysafe Group Holdings (PSFE), Stratus Properties (STRS), Teligent (TLGT), UWM Holdings (UWMC), Vine Energy (VEI), Zhihu (ZH)
After the close: Atlas Technical Consultants (ATCX), Danimer Scientific (DNMR), Eton Pharmaceuticals (ETON), Fabrinet (FN), Geron (GERN), Immersion (IMMR), Lightning eMotors (ZEV), Montauk Renewables (MNTK), Osmotica Pharmaceuticals (OSMT), Roblox (RBLX), Spark Networks (LOV), Telos (TLS), Vislink Technologies (VISL)
MONDAY'S ECONOMIC NEWS
NY Empire State Manufacturing Survey - 8:30am
METALS/ OIL
Gold closed at $1,778.20 an ounce, up $26.40
Silver settled at $23.78 an ounce, up $0.66
Copper finished at $4.39 a pound, up $0.03
Crude Oil was at $68.02 a barrel, down $0.91
Bitcoin Investment Trust (GBTC) ended at $38.37 up $1.50
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