With the stock market closed tomorrow, today is the end of the month and the quarter for stocks.
Russell 2000 is trading at the 52-week high
The Russell-2000 of small-cap stocks are doing the best of the major US indices today with a gain of 0.89% and in the process is trading to a new high for 2024. The price is also extending at the highest level since March 31, 2022.
Looking at the daily chart, the price reached a high of 2135.45 today. The next target comes in at the 61.8% of the move down from the 2021 high at 2143.63.
Meanwhile, the S&P index is trading up 2.55 points or 0.05% at 5250.82. The index closed at a record level yesterday, but is still short of its all-time intraday high of 5261.10. My price today reached 5256.05 so far.
The NASDAQ index is trading down -15 points or -0.09% at 16385.68.
How are the major indices doing on the quarter?
- Dow industrial average is up 5.51%
- S&P index is up 10.10%
- NASDAQ index is up 9.16%
- Russell 2000 is up 5.17%.