NDX, SPX, RUT, DJI Closed Higher as Technology & Industrials Sectors Led, MSFT Positive Earnings Reaction...Afterhours - AMZN Positivie EPS Reaction...

© 2026

SPX +123.25, 7,474, opened and closed higher the day following the myopic and incomplete narratives regarding Wednesday’s FOMC press conference where the FOMC left rates unchanged as expected.  Nine (75%) of the FOMC committee voted to leave rates unchanged.  NDX closed above Monday, Tuesday and Wednesday’s close. 

Breadth strengthened as advancers led on both the NYSE and the NASDAQ exchanges. 

It is worthwhile noting that there were eighteen S&P 500 stocks that increased between +11.3% to +25.99% on Thursday.  The twelve advancers below and CIEN, CMG, MRVL, COHR, STX and INTC were up big.  Of the 18, three from the industrials sector EME, PWR and HII, and one from consumer discretionary CMG.  The rest were from the information technology sector. 

Those silly narratives about technology and AI trades being dead.  It’s the goofy media narratives (that should be buried) from individuals who don’t comprehend the difference between signal and noise.

SPX advancers: SNDK EME MU LRCX PWR MSFT WDC LITE AMAT TER HII AMD.

SPX decliners: FICO CHRW LKQ NCLH MO LHX META IT FDS VRSK ERIE.

META -46.58, -7.95%, missed EPS and beat on sales, a negative earnings reaction

MSFT +60.56, +15.51% had both an earnings and sales beat and a positive earnings reaction

After-hours - AAPL -21.10, -6.33%, EPS $2.02 beats $1.89 estimate, sales $109.417B beat $108.651B estimate. 

AMZN +22.50, +9.55%, EPS $5.75 beats $1.82 estimate, sales $200.606B beat $196.460B estimate.

___________________________________________________________________

Day 13, Q2 Earnings season:

Friday BMO: ABBV. ARES, BEN, CBOE, CHD, CL, CVX, D, ETN, FRT, LIN, LYB, MRNA, TROW, XOM,

Q2 First day reaction: +40%

Positive: EME, LRCX, PWR, MSFT, HII, CMG, BAX, WTW, REGN, AVY, EQIX, VLO, YUM, SOLS, PTC, BMY LH, MA, APD, KKR, SBUX, ICE, IP,  GRMN, GEHC, CTSH, APH, EXE, BXP, MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL, ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON, ROP, NSC, UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK, BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 96

Neutral: FTNT, MGM, XEL, REG, AWK, V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER, JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST, MRSH, WRB, DHI, STT, CAG = 33

Negative: FICO, CHRW, LKQ, NCLH, MO, LHX, META, VTR, MLM, ESS, EG, FTI, ALGN, PSA, HSY, ORLY, HOOD, AOS, EXC, TYL, VICI, CI, MAA, QCOM, BLDR, SO, INVH, TT, AEP,

LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS, SW, OMC, ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS, TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW, HIG, TSLA, TMUS, ROL, DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF, KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR, ELV, JNJ, C, WFC, FAST = 109

Bold is > +5% or -5%

____________________________________________________________________

SK Hynix ADR, SKHY, closed 149.00, +17.52% on its fifteenth trading day.  IPO was at 149.  SK Hynix is a profitable company with over $65 billion in revenues (larger than SPCX) and $28 billion in annual profit.  The ADR is speculative because as a new IPO it does not have a track record to evaluate. 

SpaceX, SPCX, closed at 112.20, -0.31% formed another red spinning top candle.  Our view is that SPCX, with no earnings, is an overvalued speculation.  IPO at 135 on June 12. 

SPY +1.68%, above average volume of 70.6 million shares.

VIX -3.57, 17.09, reversed last Thursday’s, Monday’s and Wednesday’s gains.

NDX +3.36% formed a white candle that reversed Tuesday and Wednesday’s selloff and closed above the high of the low day on Wednesday.

DJI, 52,208 +1.19%, just 1.78% below its all-time closing high on July 6.

Mega caps MU, MSFT, TSM, AVGO, AMZN, TSLA, NVDA, BRK/B rose and GOOGL, AAPL, WMT, LLY, META fell on Thursday.

Up: QQQ, SPY, IWM, DIA,

Down:

The SPY MFC green line turned up at 39.6, price-action closed above diagonal support from June 9 and 26 and is short-term bullish. +1.2

Five of eleven sectors were higher on Thursday led by XLK, XLI and XLY 

52 of 100 NDX stocks closed higher on Thursday.

51 NDX stocks are above their 30 DMA: EA, FAST, PCAR, CCEP, AMGN, CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, AAPL, GILD, PDD, FANG, INTU, ROST, HON, ODFL, NVDA, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR, COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, TTWO, CMCSA, GEHC, MNST, PEP, KDP, NFLX, SBUX, AVGO, CEG, MSTR,

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 3

AVGO, CEG, MSTR,

Moving Below 30 DMA = 3

EXC, MAR, ORLY,

Add Comments here: