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Buy the dip for the win: US equities close at the highs of the day

Closing changes for the main US equity indexes:S&P 500 +0.9%Nasdaq Comp +0.5%DJIA +1.2%Russell 2000 flatToronto TSX Comp (closed for holiday)Apple shares were a drag on the main market indexes early and they fell to flat on the day but buy-the-dip won again, leading to some nice gains for big caps. The inability for small caps to rally is a bit of a concern but that might come when there are better signs that the Fed is done hiking or is ready to cut (without a tough recession).The Russell 2000... Read More

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Posted: Aug 7 2023, 20:01

Author Name: forexlive

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