Salesforce Sails to 22-Month Highs

Biotech blunders.

Happy Friday Jr.

Stocks closed on a high note. The Dow dashed 1.47% and closed at its highest price since January 2022. The Nasdaq was the only major index that inched lower. Healthcare, financials, industrials, consumer staples and materials gained 1%. Consumer discretionary and communications closed negative.

New 52-Week Highs led New Lows — 127 vs. 20.

The Best of the Best

Salesforce ($CRM) is the best of the best. The software stock sailed +9.35% and closed at its highest price since January 2022.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

Arrowhead Pharmaceuticals ($ARWR) is the worst of the worst. The biotech broke down -26.85% after last night’s earnings miss.

$ARWR traded its most shares in today’s tumble since July 2, 2021.

Here’s the daily chart.

And messy monthly chart.

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