S&P remains below its all-time high close from Tuesday’s trade but getting close

High close level came in at 4423.16

The S&P index is higher by about 17 points out 4419.60. The high price for the day reached 4423.05. That level came in just short of the all-time high close from Tuesday at 4423.16. The intraday all-time high price comes in at 4429.97.

With a little more than an hour left and trading, will the market make a run toward a record close? Or will the market prefer to see the employment report tomorrow before making a run to a new high.

Goldman Sachs today raised their projections for end of year level to 4700 from 4300.  They said that high margin growth stocks will remain the drivers.   That represents a 6.35% gain from current levels.  

Meanwhile, the NASDAQ index is the biggest gainer today. It it is currently up 100.44 points or 0.68% at 14880.30. The high price today reached 14888.70. That represents a new all-time intraday high.  The high close is at 14840.71. With the current price trading at 14880.30, unless there is a sharp decline in the last hour, there will be a new all-time high close in the NASDAQ index today

nasdaq

Invest in yourself. See our forex education hub.

Technical Analysis

Articles You May Like

Forecasting the Coming Week: Fedspeak and FOMC Minutes should rule the sentiment
Gold price slide amid risk-on mood, upcoming US data
Yen and Dollar Face Fresh Selling Pressure in Quiet Market
USDCHF extends to the upside into MA targets
USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.

Leave a Reply

Your email address will not be published.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