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US stocks close higher. Two day up streak for the major indices

US stocks close higher. Two day up  streak for the major indices

The major US stock indices are closing the day with gains across the board. The NASDAQ index is a leading the way with a rise of near 1% Dow industrial average is the laggard as it tested the August high and backed off in trading today. The down and up lap is complete (see chart below) and it looks pretty symetrical as well.

In contrast, the NASDAQ index is still WELL below the August corrective high indicative of a risk focus NOT on the tech sector, but more on the cyclical industrials... Read More

Posted: Nov 23 2022, 21:17
Author Name: forexlive
Views: 111551

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