The Dow and S&P rose for the 3rd straight session while of the NASDAQ index increase for the 2nd in a row.

Although higher, the major indices are closing near the middle of the data trading range. Yields moving higher and they slightly more hawkish Fed led to a rotation off of the highs for the day. At the bell, the major indices that showed:

• Dow industrial average rose 129.47 points or 0.26% at 49,662.66.
• S&P index rose 38.09 points or 0.56% at 6881.31.
• NASDAQ index rose 175.25 points or 0.78% at 22753.63.
• The small-cap Russell 2000 gained 12.02 points or 0.45% at 2658.60.

Looking at the S&P components, Energy led the way with a gain of 2.0%.

Some of the big gainers today included

• Cadence Design (CDNS) – +7.60%

• Shopify Inc (SHOP) – +7.15%

• DoorDash (DASH) – +6.99%

• Moderna (MRNA) – +6.08%

• Trump Media & Technology Group (DJT) – +5.75%

• Block (XYZ) – +5.55%

• First Solar (FSLR) – +5.54%

• Micron (MU) – +5.25%

• Synopsys (SNPS) – +4.80%

• Papa John’s (PZZA) – +4.76%

• Western Digital (WDC) – +4.40%

• Nebius NV (NBIS) – +4.39%

• SLB NV (SLB) – +3.47%

• ASML ADR (ASML) – +3.45%

• Northrop Grumman (NOC) – +3.36%

• Uber Tech (UBER) – +3.18%

• Dollar Tree (DLTR) – +3.13%

• General Motors (GM) – +3.02%

Some losers today included:

• Palo Alto Networks (PANW) – -6.82%

• Strategy (MSTR) – -2.66%

• Worthington Industries (WOR) – -2.57%

• Grayscale Bitcoin (BTC) (GBTC) – -2.22%

• Boeing (BA) – -2.10%

• American Airlines (AAL) – -2.05%

• Ford Motor (F) – -2.02%