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Wall Street closed mixed, big names report after the bell

  • The DJIA advanced, but the Nasdaq and the S&P both lost ground today.
  • Amazon earnings beat expectations in after-hours release.

US indexes closed mixed, despite a strong start to the day with the DJIA barely 37 points up, to end at 26,186.71. The Nasdaq Composite lost 25 points, to settle at 7,385.86, while the S&P lost 0.06%, and ended at 2,821.98. Within the Dow, Exxon Mobil led advancers by adding 2.10%, followed by Walt Disney that gained 1.78%. Dow Du Pont, on the other hand, was the worst performer by shedding 2.52%. All of them head into the NFP release in negative territory weekly basis.

Right after the close, Amazon reported upbeat Q4 profits and revenues that largely surpassed market's expectations. Net income rose to $1.86 billion, from $749 million, in the same period a year before. Revenue rose to $60.45 billion from $43.74 billion.

Technical outlook

The DJIA's daily chart shows that the index recovered after briefly falling below its 20 DMA, now at 26,097, ending the day a handful of points above it. The Momentum indicator in the mentioned chart has managed to bounce modestly from its 100 level, while the RSI indicator lacks directional strength, consolidating around 58. Shorter term, and according to the 4 hours chart, the index is now stuck below a bearish 20 SMA but above a still bullish 100 SMA, this last also in the 26,090 region, while technical indicators hold within negative territory, the Momentum with an upward slope, but the RSI having resumed its decline and now around 44, leaning the scale toward the downside, particularly on a break below the mentioned 26,090 level. 

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