Technical Analysis

Rotation into the cyclicals and out of tech in stock trading today

Nasdaq index lower.  Dow closes higher.

The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%.

The final numbers are showing:

  • S&P index up 11.49 points or 0.27% at 4192.66
  • NASDAQ index down 67.565 points or -0.48% at 13895.11
  • Dow industrial average up 238.3 points or 0.7% at 34113.23
  • Russell 2000 index up 11 points or +0.49% at 2277.45

The NASDAQ index was up as much a 0.57% before giving up all those gains and down a near equal -0.58% at the lows for the day.

In the European markets, the major indices closed higher today (note the UK market was closed today).

Invest in yourself. See our forex education hub.

Articles You May Like

EURUSD falls to NY session low
Germany reports 6,922 new coronavirus cases, 54 deaths in latest update today
10 year note auction takes on more importance post CPI data
Best Pullback Trading Strategy That Will Change The Way You Trade
EUR and CHF remains the strongest and weakest as London/European traders exit

Leave a Reply

Your email address will not be published.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