Powell provided a raise to US inventory markets however there was some mid-day angst together with indicators of sector rotation into pro-cyclical small caps.
Closing modifications on the day:
- S&P 500 +1.2%
- Nasdaq Comp +1.5%
- DJIA +1.2%
- Russell 2000 +3.1%
- Toronto TSX Comp +1.1% (file excessive)
On the week:
- S&P 500 +1.4%
- Nasdaq Comp +1.4%
- DJIA +1.3%
- Russell 2000 +3.4%
- Toronto TSX Comp +4.1%
The S&P 500 is now simply 0.6% away from the all-time excessive.
This text was written by Adam Button at www.forexlive.com.
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