New Highs For the Nazzy

Dow: +172.16…
Nasdaq: +91.47… S&P: +25.67…

  • Nasdaq Composite +14.9% YTD
  • Russell 2000 +9.8% YTD
  • S&P 500 +6.5% YTD
  • Dow Jones Industrial Average +2.8% YTD

The S&P (+0.9%) advanced for a third straight day today, extending its weekly gain to 1.6%. The Dow (+0.7%) and the Nasdaq (+1.2%) also climbed, with the Nasdaq hitting a new record. Stocks held modest gains with 30 minutes left in the session but spiked to new highs following headlines that President Trump has secured trade concessions from the EU.

SPX 10-minute chart

The Nazzy printed new all-time highs today and the SPX, after today’s pop, is only 30 handles form all-time highs.

The Dow is also at key short-term resistance here.  A break above that level could get a little melt-up going.

See you tomorrow.

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