U.S. stocks ended sharply higher Friday, more than shaking off weakness seen the previous session in the aftermath of a poor Treasury bond auction and fresh signs that interest rates may stay higher for longer. Technology stocks drove the bounce, with the Nasdaq Composite leading major indexes to the upside as it and the S&P …
The stock market, as measured by the S&P 500 Index SPX, is testing its support level at 4200, which is also roughly the location of the 200-day Moving Average of SPX. At the beginning of October, SPX retreated to these same levels, and an oversold rally occurred. But that rally topped out at the declining …
The stock market is looking for direction and there’s a hopeful sign just ahead Read More »
U.S. stock indexes closed mostly higher on Wednesday, as investors digested the latest consumer-price index data showing inflation picked up in August, but likely not by enough to prompt a September interest rate hike by the Federal Reserve. How stocks traded The S&P 500 SPX closed up 5.54 points or 0.1% at 4,467.44 and has …
U.S. stocks close mostly higher despite inflation edging up in August Read More »
