Flare ups between the US and Iran threatened to end a fragile cease-fire sending oil prices higher with crude closing in on $100 a barrel.
Flare ups between the US and Iran threatened to end a fragile cease-fire sending oil prices higher with crude closing in on $100 a barrel.
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.
The major averages leaned on strong tech earnings, mixed economic data and hopes of a peace deal this week to close out the month of May at new all-time highs.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26853.98 | -239.92 | -0.89% | 15.54% |
| DJ UTILITIES | 1094.79 | -6.53 | -0.59% | 2.5% |
| DJ TRANSPORT | 21480.2 | 10.06 | 0.05% | 23.75% |
| DJ INDUSTRIALS | 50687.07 | -620.72 | -1.21% | 5.46% |
| NYSE COMPOSITE | 23276.49 | -204.43 | -0.87% | 5.78% |
| S & P 100 INDEX | 3744.08 | -35.08 | -0.93% | 9.08% |
| RUSSELL 2000 | 2893.51 | -38.45 | -1.31% | 16.58% |
| S&P 500 | 7553.68 | -56.1 | -0.74% | 10.35% |
| CBOE MKT VOLATILITY | 16.06 | 0.29 | 1.84% | 7.42% |
| AMEX COMPOSITE | 8750.58 | -12.28 | -0.14% | 27.43% |
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