Nasdaq up for the 3rd day in a row. Major indices on track for gains for the week.

The major US stock indices are closing higher. The SEC announced that they approved Bitcoin ETFs. William's was a bit more hawkish, but who cares if the Fed cuts 3 or 6 times. One can argue if they cut 6 it means there is trouble in the economy. The Goldilocks is moderate growth, Fed cuts as inflation eases but not by a lot. The final numbers are showing:Dow up 170.55 points or 0.45% at 37695.72S&P up 26.95 points or 0.57% at 4783.46Nasdaq up 111.93 points or 0.75% at 14969.64The Russell 2000 rose a modest 2.22 points or 0.11% at 1970.26.For the trading week:Dow, +0.61%S&P, +1.84%Nasdaq, +3.07%. Some big winners today include:Intuitive Surgical, +10.25%Palo Alto networks +5.22%Meta-+3.65%Uber technologies +3.50%Home Depot +3.07%Crowdstrike +3.02%Celsius +2.94%Leading the Dow 30 is:Home Depot +3.07%Microsoft +1.86%Walmart +1.23%McDonald +1.11%Salesforce +1.06%The S&P index today is closing within 13 points of that all-time high closing level 4796.57 This article was written by Greg Michalowski at www.forexlive.com.

Jan 11, 2024 - 03:25
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Nasdaq up for the 3rd day in a row. Major indices on track for gains for the week.

The major US stock indices are closing higher. The SEC announced that they approved Bitcoin ETFs. William's was a bit more hawkish, but who cares if the Fed cuts 3 or 6 times. One can argue if they cut 6 it means there is trouble in the economy. The Goldilocks is moderate growth, Fed cuts as inflation eases but not by a lot.

The final numbers are showing:

  • Dow up 170.55 points or 0.45% at 37695.72
  • S&P up 26.95 points or 0.57% at 4783.46
  • Nasdaq up 111.93 points or 0.75% at 14969.64

The Russell 2000 rose a modest 2.22 points or 0.11% at 1970.26.

For the trading week:

  • Dow, +0.61%
  • S&P, +1.84%
  • Nasdaq, +3.07%.

Some big winners today include:

  • Intuitive Surgical, +10.25%
  • Palo Alto networks +5.22%
  • Meta-+3.65%
  • Uber technologies +3.50%
  • Home Depot +3.07%
  • Crowdstrike +3.02%
  • Celsius +2.94%

Leading the Dow 30 is:

  • Home Depot +3.07%
  • Microsoft +1.86%
  • Walmart +1.23%
  • McDonald +1.11%
  • Salesforce +1.06%

The S&P index today is closing within 13 points of that all-time high closing level 4796.57 This article was written by Greg Michalowski at www.forexlive.com.

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