Main US indices are closing solidly greater and in doing so are snapping multi-day dropping streaks.
For the Dow Industrial common it snapped its 4-day dropping streak. For the broader S&P and NASDAQ indices,. they each snapped 5-day dropping streaks.
For the buying and selling week, the indices are closing decrease.
A snapshot of the closing ranges in the present day exhibits:
- Dow industrial common up +339.86 factors or 0.80% at 42732.13
- S&P index +73.92 factors or 1.26% at 5942.47.
- NASDAQ index up +340.80 factors or 1.77% at 19621.68.
The small-cap Russell 2000 closed greater by 36.80 factors or 1.65% at 2268.47.
For the buying and selling week:
- Dow industrial common fell -0.60%
- S&P index fell -0.48%
- NASDAQ index fell -0.51%
- Russell 2000 rose 1.0639%
From a technical perspective, the NASDAQ index is closing above its 200-hour transferring common at 19586.59. As we head into the brand new buying and selling week, the falling 100-hour transferring common stays a goal at 19734.66. The index closed the day 19621.68.
For the S&P index, its falling 100-hour transferring common is available in at 5973.89 (blue line on the chart beneath). That would be the first upside goal adopted by the 200-hour transferring common (inexperienced line on the chart beneath) at 6001.91. Getting above each these transferring averages is required to extend the bullish bias for the broader S&P index.