Major US indices close higher for the day and the week

The 3 major US stock indices closed higher today and this week. The gains were led by the NASDAQ on both measures. A summary of the day shows: Dow Industrial Average rose 450.02 points or 1.18% at 38675.69 S&P index rose 63.61 points or 1.26% at 5127.80 NASDAQ index rose 315.37 points or 1.99% at 16156.33 For the trading week: Dow Industrial Average average rose 1.14% S&P index rose 0.55% NASDAQ index rose 1.43% Looking at the small-cap Russell 2000, it rose 0.97% for the day, and also closed higher for the week by 1.684%. Looking at the daily chart of the S&P index, it is closing just below its 50-day moving average at 5129.98. Getting above that moving average is needed to increase the bullish bias from a technical perspective (see chart below). For the NASDAQ index, it get above its 50-day moving average today and stayed above that moving average. That is more bullish technically. For the trading week what major stocks had great weeks? Beyond Meat +26.56% (they announce earnings next week) Moderna, +15.77% Trump Media +15.38% (that despite the issuance of a more stock that was given to former Pres....

Forexlive - 5/3/2024 4:21:27 PM More News for QCOM
Stock Analysis for QCOM
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