The major European stock indices are closing the day with mixed results. France and Italy show declines while Germany, UK, and Spain all advanced.
The UK FTSE 100 closed at a new record level of 9012.99. The indices did close at its high, but fell short of the Friday intraday high of 9016.36.
The German DAX record high close was at 24549.57. With the closing level at 24298.17, it is still 250 points from its record level.
A snapshot of the closing levels shows:
- German DAX +0.04%
- France’s CAC -0.31%
- UK’s FTSE 100 +0.23%
- Spain’s Ibex +0.30%
- Italy’s FTSE MIB -0.36%.
While London/European traders look to exit, US indices are also higher:
- Dow industrial average up 238.69 points or 0.54% at 44580.12
- S&P index up 37 points or 0.59% at 6333.63.
- NASDAQ index up 150 points or 0.72% at 21045.35
- Russell 2000 up 15.40 points or 0.69% at 2255.42
Netflix shares are up $10.52 (0.87%) at $1,219.76, rebounding after last week’s post-earnings drop despite beating both revenue and EPS estimates. The decline pushed the stock below its 50-day moving average ($1,228.77) for the first time since April 17. Earlier today, shares touched a low of $1,198—the weakest level since June 11—before recovering. A move back above the 50-day moving average would help ease some of the recent technical pressure.
This article was written by Greg Michalowski at investinglive.com.
