Rotation into the cyclicals and out of tech in stock trading today

Rotation into the cyclicals and out of tech in stock trading today

Nasdaq index lower.  Dow closes higher

The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%.

The final numbers are showing:

  • S&P index up 11.49 points or 0.27% at 4192.66
  • NASDAQ index down 67.565 points or -0.48% at 13895.11
  • Dow industrial average up 238.3 points or 0.7% at 34113.23
  • Russell 2000 index up 11 points or +0.49% at 2277.45

The NASDAQ index was up as much a 0.57% before giving up all those gains and down a near equal -0.58% at the lows for the day.

In the European markets, the major indices closed higher today (note the UK market was closed today).

Invest in yourself. See our forex education hub.

Technical Analysis

Articles You May Like

How crypto, precious metals, oil, and Big Tech react to policy pivot in US
Brics Pay, EU broaden reach, while US Fed blames tariffs for inflation. Trader’s calendar for January 29-31
How DePIN Crypto is Revolutionizing Infrastructure in Web3?

Leave a Reply

Your email address will not be published.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