Forex

US inventory end sturdy, led by small caps


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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