A wild week on Wall Street left the major averages with modest gains this week as back and forth rhetoric between the US and Iran triggered big swings in equities and oil prices.
A wild week on Wall Street left the major averages with modest gains this week as back and forth rhetoric between the US and Iran triggered big swings in equities and oil prices.
The major averages finished higher for a second straight session as investors banked on peace deal possibly coming this weekend between the US and Iran.
The technical condition of the market remains positive, as the major averages continue to notch new record highs. The technical indicators are positive with MACD - a short-term trend gauge - in bullish ground, while Momentum, as measured by the 14-day RSI, is strong but in overbought territory for the S&P 500 and NASDAQ. Stochastics, which are in the low 90's, also indicate overbought conditions.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25888.84 | 79.18 | 0.31% | 11.39% |
| DJ UTILITIES | 1116.11 | 11.42 | 1.03% | 4.5% |
| DJ TRANSPORT | 22596.69 | 72.95 | 0.32% | 30.19% |
| DJ INDUSTRIALS | 51202.26 | 353.51 | 0.7% | 6.53% |
| NYSE COMPOSITE | 23595.79 | 182.9 | 0.78% | 7.23% |
| S & P 100 INDEX | 3645.59 | 9.47 | 0.26% | 6.21% |
| RUSSELL 2000 | 2943.99 | 22.96 | 0.79% | 18.62% |
| S&P 500 | 7431.46 | 37.16 | 0.5% | 8.56% |
| CBOE MKT VOLATILITY | 17.68 | -1.76 | -9.05% | 18.26% |
| AMEX COMPOSITE | 8395.75 | 47.64 | 0.57% | 22.27% |
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