TECHNICAL ANALYSIS

S&P and NASDAQ wipe out yesterday’s losses


The last 4 days out of 5 have been on the rise for the main indices

The main indices closed with solid gains over the day. The NASDAQ index closed at the highest level since February 21. Facebook and Amazon closed at record levels. The S&P index closes higher but after trading above its 100 day moving average at 2975.37, the pair has turned lower and will close below its 100 day moving average at 2971.61. So it’s a bit of a disappointment

The latest figures show:

  • The S&P rose 48.67 points or 1.67% to 2,971.61. The highest reached 2,980.29. The lowest continued at 2,953.63.
  • The NASDAQ index rose 190.67 points or 2.08% to 9,375.77. The high price spread to 9392,816. Low price dropped 29,304,199
  • The Dow Jones industrial average rose 369.04 points or 1.52% to 24,575.90. The high price spread to 24,649.48. The dip fell to 24,455.94

some of today’s big winners included:

  • Twitter, + 7.83%
  • Alcoa, + 7.88%
  • Deutsche Bank, + 6.23%
  • Facebook, + 6.04%
  • Wynn Resorts + 5.88%
  • Slack, plus 5.7%
  • Southwest air, + 5.27%
  • United Airlines, + 5.24%
  • Disney, + 4.86%
  • Intel, + 4.69%
  • Morgan Stanley, + 4.4%

Today’s losers included:

  • Lockheed Martin, -2.46%
  • Northrop Grumman, -1.94%
  • Soft, -1.62%
  • J&J, -0.9%
  • Merck and Company, -0.86%
  • United Health, -0.42%
  • Verizon, -0.22%
  • Pfizer, -0.13%
  • Home Depot, -0.03%

See here for global data on coronavirus cases

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