What a day!
For the day, the S&P had its fifth-largest intraday reversal from a 52 week low. The low today was down -2.39%. That was a new 52 week low. At the close it was up 2.6%
For the NASDAQ index it was the 4th largest reversal from a 52 week low.. At the low it fell -3.15%. The index is closing up 2.23%.
- S&P and NASDAQ snapped 6 day losing streak
- All Dow 30 stocks close higher. Best day since November 2020
- All S&P 11 sectors close higher
- The Dow industrial average range was 1507 points or around 5%
- the NASDAQ index had a range of 608 points or about 5.70%
the final numbers are showing:
- Dow industrial average rose 827.87 points or 2.83% at 30038.71
- S&P index rose 92.85 points or 2.60% at 3669.89
- NASDAQ index rose 232.06 points or 2.23% at 10649.16
- Russell 2000 rose 40.64 points or 2.41% at 1728.41
The S&P index from a technical perspective tested the 50% midpoint of the move up from the March 2020 low. That level came in at 3505.24. The low price today reached 3491.58. The price of the S&P also traded back below its 200 week moving average at 3599.73, but is closing back above that level at 3669.89.
This article was originally published by Forexlive.com. Read the original article here.