Fed Powell helps the stocks reach a record close once again for the S&P and Nasdaq

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Fed
Powell
reiterated
the
dual
risks.
That
is
it’s
not
just
inflation
as
chair
Powell
feels
it
is
starting
to
decelerate
again.
This
time
employment
is
also
a
concern.
Bad
news
is
still
good
news.
That
may
change
going
forward,
but
for
now
the
broader
S&P
and
NASDAQ
once
again
closed
at
record
levels.
For
the
S&P
index
it’s
the
6th
consecutive
record
close.
The
index
rose
above
5600
for
the
first
time
today.
The
NASDAQ
index
closed
at
a
new
record
level
for
the
7th
consecutive
day
(the
new
high
was
on
July
2)

Apple
closed
higher
for
the
seventh
consecutive
day.
Tesla
closed
higher
for
the
11
consecutive
day.

The
final
numbers
are
showing:

• Dow
  Industrial
  Average
  average
  searched
  429.39
  points
  or
  1.09%
  at
  39721.37
• S&P
  index
  rose
  56.95
  points
  or
  1.02%
  at
  5633.92.
• NASDAQ
  index
  rose
  218.16
  points
  or
  1.18%
  at
  18647.45

The
small-cap
Russell
2000
rose
22.28
points
or
1.10%
at
2051.75.

Some
of
the
big-name
gainers
today
included:

• Apple,
  up
  $4.30
  or
  1.88%
• Nvidia
  rose
  $3.55
  or
  2.7%.
  Remember
  Nvidia
  is
  coming
  off
  of
  a
  10:1
  stock
  split.
• AMD
  rose
  3.85%.
  Its
  shares
  are
  up
  16.66%
  since
  July
  1
• Micron
  rose
  $5.25
  or
  4.0%
• Intel
  has
  seen
  its
  price
  raise
  13.07%
  over
  the
  last
  six
  trading
  days,
  but
  is
  still
  down
  some
  28%
  on
  the
  year.

Some
newer
risers
in
the
market
are:

• Palantir
  rose
  $1.03
  or
  3.76%.
  Since
  June
  21
  (12
  trading
  days),
  shares
  are
  up
  19.21%
• Corning
  continues
  its
  three-day
  run
  to
  the
  upside
  which
  has
  seen
  the
  price
  move
  from
  $38.44
  to
  $45.48
  (up
  18.31%).
  Today
  the
  shares
  rose
  1.81%

After
the
close,
Costco
has
announced
that
it
would
raise
membership
prices
by
five
dollars.
Shares
are
up
$36
or
4.10%
at
$920.