Technical Analysis

Major indices close higher

The NASDAQ index close at a another record high. The previous high close came in at 11,210.84. The index close today at 11,264.95. The S&P index traded above its all-time high closing price but could not sustain the gains into the close.

The final numbers are showing:

  • S&P index up 10.69 points or 0.32% at 3385.54. The high price reached 3390.80. The low price extended to 3354.69. The all-time high close was at 3389.78. The index closed just below that level. The all-time intraday high from Wednesday’s trade reach 3399.54. 
  • The NASDAQ index closed up 118.49 points or 1.06% at 11264.95. The close was above the previous high close at 11,210.84. Intraday the pair also traded to a new all time high of 11,283.61.
  • the Dow industrial average lagged the other indices but still closed higher by 46.85 points or 0.17% at 27739.73. It’s high price extended to 27781.46 while the low reached 27526.25.

Late day comments from the CDC that the southern states may have reached a peak and the death rate should start to go down next week helped to push the stocks up near the close.

Apple closed with a market capitalization above $2 trillion for the 1st time. It closed at $473.10 up $10.27 or 2.22%. Microsoft rose by 2.33%. Facebook rose by 2.45% cotton Netflix rose by 2.75%, and Alphabet rose by 2.05%.

In the European markets, the major indices all closed over 1% lower on the day with the UK FTSE leading the way with a decline of -1.61%.

For bank trade ideas, check out eFX Plus

Source link

Articles You May Like

8 Lessons Discovered After 10,000 Hours of Live Forex Trading (Beginner Trading Mistakes to Avoid)
Mexico lowers benchmark rate to 4.25% from 4.50%
Cable extends fall to fresh two-month low as key support levels start to give way
My Best Fx Trading Strategy for 2019? Hieken Ashi Smooth Forex System Explained
Price Action Trading Strategy That'll Help Your Trading | Scalping vs. Intraday vs. Swing Trading

Leave a Reply

Your email address will not be published. Required fields are marked *