The major US indices are in a saw-tooth pattern over the last 3 days.
Looking at the major indices, the changes showed:
Dow Industrial Average: Up 341 points. Down -398. Up 126.13.S&P: Up 51 points. Down 55.13 points . Up 55.21 pointsNasdaq. Up 219 points. Down -213.95 points. Up 259.01 points.
The percentage changes today showed:
Dow +0.30%,S&P index +0.97%NASDAQ index +1.45%
The small-cap Russell 2000 rose modestly by 0.09%.
China stocks did not do well today as concerns about stimulus have China started to resurface:
Tencent, -8.5% Nio, -8.03%Alibaba, -6.63%iShares MSCI China ETF, -10.81%
The Shanghai composite index rose by 4.59% after coming back from its Golden Week holiday, but the Hong Kong’s Hang Seng index which was open last week fell -9.41% after sharp gains last week.
Some of the bigger gainers today included:
Trump Media & Technology Group: +18.54%Robinhood Markets: +9.86%Palantir: +6.56%Chewy: +5.32%Palo Alto Networks: +4.79%Intel: +4.20%NVIDIA: +4.05%Block: +3.87%American Airlines: +3.38%Broadcom: +3.23%Netflix: +2.82%
This article was written by Greg Michalowski at www.forexlive.com.
