Technical Analysis

Indices close near the highs for the day

The US stock markets are closed for the day.  All 3 major indices close higher on the day led by the NASDAQ index.

Highlights for the day include

  • Dow’s close positive for 2020
  • Major indices close at the highest level since September 2
  • Dow enjoys its best week in 2 months
  • NASDAQ leads the charge higher today, this week
  • S&P NASDAQ best weeks in more than 3 months
  • Major indices close higher for the 3rd consecutive day
  • S&P closed at 3% below the all-time high

The final numbers are showing:

  • S&P index rose 30.30 points or 0.8% the 3477.13
  • NASDAQ index rose 158.96 points or 1.39% at 11579.94
  • Dow industrial average closed up 161.39 points or 0.57% at 28586.90

For the week, each of the indices enjoy gains of over 3.25% led by the NASDAQ index:

  • S&P index rose 3.84%
  • NASDAQ index rose 4.56%
  • Dow industrial average increase by 3.27%

Year-to-date the NASDAQ still outperforms by a substantial amount:

  • S&P index up 7.63%
  • NASDAQ index up 29.06%
  • Dow industrial average up 0.17% 

For bank trade ideas, check out eFX Plus

Source link

Articles You May Like

ECB could live with some inflation overshoot
Most Powerful Trading Indicator | Forex Trading System for Beginners | Free Download
Best Indicator for Forex Trading Scalping | 20+ PIPS EASY STRATEGY
Dollar extends gains as risk-off mood deepens in European morning trade
LIVE Forex Trading Analysis – NY Session 16th October 2020 XAUUSD Gold Trading

Leave a Reply

Your email address will not be published.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