Technical Analysis

Dow closes up 200 points. S&P up 0.82%.

Up and down session but gains are solid

The stock market had a volatile up and down session. The decline to the lows for the day did take the S&P and the Dow into the red. The Dow 30, never went into the red for the day.  

However, that low was bought and the major indices are closing near the highs for the day. 

The catalyst?  More expectations that the US/Mexico would avoid the 5% tariffs set for Monday and more expectations that the Fed is moving closer to an ease.

The final numbers are showing.

  • The Dow rose 0.82% at 25539.57.  The index rose 207.39 points
  • The S&P rose 22.88 points or 0.82% at 2826.15. Like the Dow, it closed near the session highs
  • The Nasdaq closed up 48.36 points or 0.64% at 7575.47. The high reached 7589.47.  So it closed off it’s intraday highs.

Below are the ranges and changes for the major North American and European indices.

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