The major averages leaned on strong tech earnings, mixed economic data and hopes of a peace deal this week to close out the month of May at new all-time highs.
The major averages leaned on strong tech earnings, mixed economic data and hopes of a peace deal this week to close out the month of May at new all-time highs.
The S&P 500 is on a nine-week win streak as investors have put the US-Iran war in the rear-view mirror and are focusing on strong guidance and increasing forward guidance.
The technical condition of the market remained strong throughout the period. New highs were recorded by the S&P 500, NASDAQ, NASDAQ 100, DJ Transportation Index, Russell 2000 and Philadelphia Semiconductor Index. The major averages are also trading above key MA levels confirming a bullish uptrend...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26972.62 | 55.15 | 0.2% | 16.05% |
| DJ UTILITIES | 1109.57 | -6.23 | -0.56% | 3.89% |
| DJ TRANSPORT | 21410.31 | 55.28 | 0.26% | 23.35% |
| DJ INDUSTRIALS | 51032.46 | 363.49 | 0.72% | 6.18% |
| NYSE COMPOSITE | 23292.17 | -10.09 | -0.04% | 5.85% |
| S & P 100 INDEX | 3773.34 | 7.65 | 0.2% | 9.93% |
| RUSSELL 2000 | 2919.34 | -17.23 | -0.59% | 17.62% |
| S&P 500 | 7580.06 | 16.43 | 0.22% | 10.73% |
| CBOE MKT VOLATILITY | 15.32 | -0.42 | -2.67% | 2.47% |
| AMEX COMPOSITE | 8484.51 | -148.09 | -1.72% | 23.56% |
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