US stock indices close the day near session highs


The major US stock indices are closing the day near the highs for the day. The gains were led by the NASDAQ index which rose over 1.7%.

A snapshot of the closing levels shows:

  • Dow Industrial Average 415.12.41.26 percent at 33274.14
  • S&P index of 58.50 points or 1.44% at 4109.32
  • NASDAQ index up 208.43 points or 1.73% at 12221.90

For the calendar month, the NASDAQ index led the way with a gain of 6.69%

  • Dow industrial average rose 1.89%
  • S&P index rose 3.51%
  • NASDAQ index rose 6.69%

For the first quarter, the NASDAQ index led the way with an oversized gain of 16.77%. That was the largest percentage increase since the 2Q of 2020 when the index rose 30.63%. You have to go back to the 1Q of 2012 to have the next largest percentage gain for quarter.

  • Dow Industrial Average squeaked out a small gain of 0.38%
  • S&P index rose by 7.03%
  • NASDAQ index rose by 16.77%

Looking at the NASDAQ daily chart, the price is within 49 points of the most recent highs going back to September 12, 2022 and February 2, 2023 near 12670.

A move above that double top would have traders targeting the 38.2% retracement of the move down from the November 22 2021 all-time high. That retracement level comes in at 12427.97.

NASDAQ indexes within 50 points of double top at 12270

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