The stock loss sequences are canceled. Stocks close near session highs
It wasn’t like it wasn’t full speed ahead to shrink and even tighten, but the market took the news enthusiastically and climbed higher. It could be that the growth is high which is a good thing, and maybe inflation is thought to be high as well, but it also has some additional elements (supply chain) that s ‘will fade over time. Now, today’s gains may lead to losses tomorrow, but for now the markets are closing with solid gains.
- S&P, NASDAQ and Dow end two-day losing streak
- The Russell 2000 ended their four-day losing streak
- Gains were led by the NASDAQ index which rose more than 2%
- The Russell 2000 Index was up approximately 1.65%
- the energy sector was the only sector of the S&P 11 to decline (-0.5%)
- The technology sector is the big winner (+ 2.6%)
The final figures are displayed:
- The Dow Jones Industrial Average rose 283.23 points or 1.08% to 35,927.44
- The S&P Index rose 75.74 points or 1.63% to 4,709.84
- The NASDAQ index rose 327.95 points or 2.15% to 15,565.59
- Russell 2000 gained 35.55 points or 1.65% to 2195.208
Technically, the NASDAQ index closes above its 100 hour moving average at 15,487.59. The 200 hour moving average remains a hindrance to the upside at 15,688.87.
For the S&P Index, it rose to test last week’s high price at 4,713.57. The highest debt day close was 4,712.01, which is also the all-time high close for this index. Today’s high price hit 4,712.60 before retreating to the close. Tomorrow, breaking above this level by closing above will be more bullish and traders will target the highest intraday price of 4743.83.