1) The Technology sector has been carrying this Market on its back and today was no different. The Dow Jones Industrial Average gained 224.44 points, the S&P 500 added 24.27 points while the Nasdaq 100 hit a new all-time high and closed higher by 107.31 points and the Russell 2000 finished higher by 6.61 points.
2) U.S. Crude Oil Futures were lower in the morning trading session but managed to bounce back and close lower by only $0.05. Gold Futures traded slightly higher adding $2.70 or 0.22% while the U.S. dollar traded flat against a basket of six other currencies. The Bond market was also flat and the yield on the 10-year treasury note held steady at 2.850.
3) The NASDAQ Composite Index posted its biggest one-day gain since June 1st closing higher by 107.31 points or 1.4%. The index hit a new all-time high as did many of its big Tech components such as Facebook (FB), Amazon (AMZN), and Microsoft (MSFT).
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
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