Broader indices (and now the Dow as well) turn positive

Dow industrial average now up too

The broader S&P and NASDAQ index have turned positive on the day. The Dow has just moved positive as well. 

In Republicans have offered the Democrats a path to pass a debt limit extension into December (and not filibuster). 

A snapshot of the markets currently shows

  • The NASDAQ leads the way with a gain of 46 points or 0.32% 14479.54.  At the low the NASDAQ was down -1.21%
  • The S&P index is up 6.2 points or 0.14% 4351.92. At the low the S&P was down -1.28%
  • The Dow is up 17 points or 0.05% 34331.85. At the low the Dow industrial average was down -1.34%

The NASDAQ index remains below its 100 day moving average at the 14531 area. A move above that level would increase the bullish bias.

For the S&P index it is also looking to test its 100 day moving average at 4354 area.

S&P index

Invest in yourself. See our forex education hub.

Technical Analysis

Articles You May Like

The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
We are upgrading our rating on Wells Fargo as investors dump stock post-earnings
Pound Gains on Hawkish BoE Remarks; Euro Regains Lost Ground
Wholesale prices rose 0.2% in June, slightly hotter than expected
Forexlive Americas FX news wrap 12 Jul: PPI not as friendly as the CPI

Leave a Reply

Your email address will not be published. Required fields are marked *