US equity markets cap fine with with a strong finish


US equity markets cap fine with with a strong finish

Closing changes for the main indexes:

  • S&P 500 +29 to 2873 (+1.05%)
  • DJIA +1.0%
  • Nasdaq +1.7%

On the week:

  • S&P 500 +4.4%
  • DJIA +4.7%
  • Nasdaq +3.9%
  • Canada TSX Comp +1.2%

The 4.7% weekly rise in the Dow Jones Industrial Average was the largest since the last week of November. Any guesses on what happened last time?

For the bulls, this is a solid outside reversal and it comes despite some tough headlines. I can offer a half-dozen good fundamental reasons stocks should be lower but they had an excellent week. That kind of defiance counts for something.

In any case, I’m eager to see what comes next week.


Products You May Like

Articles You May Like

EURUSD bounces off close intraday risk level. Highs for month still eyed
Risk appetite eases off into the weekend
5 trading mistakes to avoid: Mistake #2 The Spectator’s Guilt
Is this really the ‘moment of truth’ for the US dollar?
S&P closes at new all time highs

Leave a Reply

Your email address will not be published.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