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U.S. stock indexes ended the day a hair above where they started

After pricing its IPO at $15 per share, Cloudera, the enterprise big data company, closed the day up more than 20 percent, at $18.09.
Cloudera’s market cap is now about $2.3 billion, significantly less than the $4.1 billion valuation Intel gave in 2014.
Intel and Cloudera have been working together to improve the speed and also the security for data processing.
Square, which went public in 2015 at half its private market valuation, has since seen its share prices more than double.
This also is above the range of $12 to $14 for which Cloudera was preparing.

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How major US stock market indexes fared on Thursday

How major US stock market indexes fared on Thursday U.S. stock indexes fluttered up and down Thursday, then ended the day a hair above where they started.
The Russell 2000 index of smaller-company stocks fell 2.30, or 0.2 percent, to 1,417.13.
The Dow is up 1,218.73 points, or 6.2 percentThe Nasdaq is up 665.82 points, or 12.4 percent.
The Dow is up 433.57 points, or 2.1 percent The Nasdaq is up 138.41 points, or 2.3 percent.
On Thursday:The Standard & Poor’s 500 index rose 1.32 points, or 0.1 percent, to 2,388.77.
US stock market

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GOLDMAN SACHS: This negative stock market signal is ‘greatly exaggerated’

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“Reports of narrow market breadth have been greatly exaggerated,” a group of Goldman strategists led by Ben Snider wrote in a client note.
High breadth means there’s a high degree of participation, which is a bullish indicator in an up-market and considered bearish as an index falls.
Apple, Facebook, Amazon, Alphabet and Microsoft alone make up 28% of the return with just 12% of overall market value.
That level of influence is actually below average, Goldman finds.
Low breadth is viewed as a negative signal as a gauge rises, which the S&P 500 has done this year. Cloudera’s market cap is now about $2.3 billion, significantly less than the $4.1 billion valuation Intel gave in 2014.
Intel and Cloudera have been working together to improve the speed and also the security for data processing.

 

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