The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week.
A snapshot of closing levels shows:
Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving average is at 34266.16
S&P index up 67.87 points or 1.56% at 4415.23. Its 100-day moving average is at 4402.54
NASDAQ index up 276.65 points or 2.05% at 13798.10. It’s 100-day moving averages at 13618.08.
For the week, each of the major indices close higher for the 2nd consecutive week: