Up $10.71 at $180.11.
That final print was the day's high. Also the year's. Also all-time.
And it pushed the company's market cap above $100 billion.
As I said, hard to ignore.
From Investor's Business Daily:
Dow Logs Best Week Since December As Boeing, Nvidia Break Out
Investors drove stocks to a positive finish on Friday, with the Dow Jones industrials and S&P 500 seizing new high ground, and the Nasdaq Composite closing just a fraction below record territory.
The Nasdaq and the Dow Jones industrial average each rose 0.3%. The S&P 500 grabbed a 0.2% gain and small caps outpaced slightly the overall action, leaving the Russell 2000 ahead 0.4%. Preliminary data showed volume rose sharply on both the Nasdaq and the NYSE exchanges.*As noted a few weeks ago:
A subway terror attack in London and a North Korean missile fired over Japan stirred uncertainty early in the session, but proved unable to phase market optimism in the final week before the Federal Open Market Committee's highly anticipated meeting starting Tuesday. Economic news was also a potential stumbling block to trade on Friday, with disappointing retail sales and industrial production numbers for August and a sharp slowdown in New York region manufacturing for September. One bright spot was consumer sentiment, which the University of Michigan reported weakened less than expected in its preliminary estimate for September.
But the leading indexes nonetheless powered to their third gain in four weeks, leaving the Nasdaq up 1.4%, the S&P 500 with a 1.5% gain and the Dow Jones industrial average with a 2.1% head-and-shoulders above-the-group gain that as its strongest advance since the week ended Dec. 9.
Boeing, Nvidia, First Solar Breakout; Oracle Tripped Up By Cloud
Boeing (BA) easily outstrode the Dow, rising 1.5% and breaking out above a flat base buy point at 246.59. That left the stock well within the 5% buy range, which extends to 258.91....
...NividiaNVDA buzzed up more than 6% in heavy volume after Evercore ISI boosted its price target on the stock to 250, from 180, and maintained its outperform rating. Nvidia remains in its buy range through 183.39....MORE
...Discerning reader has probably noticed we haven't made many market/individual equity calls this year.
What's to say? Stocks are going up, things are increasing in price.
And the trying-to-call-market-turns game is a lot like Twitter.
Just another opportunity to make yourself look like a damn fool.*
So we outsource.
To folks who seem to have an idea about what's going on.
