Wall Street Tears Upward For Second Straight Day

Michael Teague |

Tuesday saw the Standard & Poor’s 500 index higher for the sixth consecutive session as stocks posted a second straight day of substantial gains.

With little economic data coming this week, markets seemed to take heart in the early-morning news that the Syrian regime had accepted a Russian-sponsored offer to turn its chemical weapons stockpiles over to the stewardship of the international community, in an effort to derail US-led strikes. The move unexpectedly threw the ball back into the Obama administration’s court, and will delay the prospect of military action for at least the time being.

The Dow Jones Industrial Average gained 0.85 percent to finish the day off at 15,191.06. Prior to the regular trading session, it was announced that Goldman Sachs (GS) , Nike (NKE) , and Visa (V) would be joining the index, respectively taking the places until now held by Bank Of America (BAC) , Alcoa Inc. ($AA), and Hewlett-Packard (HPQ) .

Microsoft (MSFT) led the index higher, advancing over 2 percent on news that the company’s investors are pushing for a turnaround specialist to replace outgoing CEO Steve Ballmer. General Electric (GE) and Walt Disney Co. (DIS) also ended the day on gains of at least 2 percent. Alcoa and Hewlett-Packard were the index’s worst performers, for obvious reasons, but neither saw shares drop significantly.

The S&P 500 ended the day on a 0.73 percent jump to a tally of 1,683.99 points. Tech shares helped lift the index, with Cisco Systems (CSCO) jumping 1 percent after announcing its $415 million upcoming purchase of the storage device startup WhipTail. Advanced Micro Devices (AMD) and Micron Technology (MU) also gained substantially, lifting the semiconductor industry.

The NASDAQ gained 0.62 percent to 3,729.02 by the closing bell, with much help from tech shares as well. However, Netflix (NFLX) was the story of the day, as the company rose more than 6 percent to an all-time high of $313 by the end of trading.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
GE General Electric Co 17.65 -0.06 -0.34 58,171,204 Trade
AA Alcoa Inc. 42.24 0.84 2.03 4,053,147 Trade
AMD Advanced Micro Devices Inc. 10.16 0.22 2.21 29,956,421 Trade
V Visa Inc. 112.37 -0.23 -0.20 7,538,608 Trade
CSCO Cisco Systems Inc. 37.96 0.35 0.93 16,749,521 Trade
DIS Walt Disney Company (The) 106.83 2.60 2.49 7,433,971 Trade
GS The Goldman Sachs Group Inc. 250.13 -0.22 -0.09 1,494,228 Trade
NKE Nike Inc. 61.91 0.61 1.00 9,017,814 Trade
BAC Bank of America Corporation 28.94 -0.11 -0.38 54,001,895 Trade
HPQ HP Inc. 21.30 0.23 1.09 7,730,577 Trade
NFLX Netflix Inc. 186.22 -2.32 -1.23 5,298,583 Trade
MU Micron Technology Inc. 43.01 -0.20 -0.46 32,823,972 Trade
MSFT Microsoft Corporation 85.23 1.07 1.27 22,857,854 Trade
MRCR Moro Corp 0.97 0.00 0.00 0


Emerging Growth

Liberty One Lithium Corp

Liberty One Lithium Corp is a mineral exploration company engaged in acquisition and development of high grade lithium brine deposits.

Private Markets

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…


Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…