Nasdaq lead the way higher at the opening. S&P tests 200 day MA.
The US stocks are open with the major indices tacking on solid gains. The run higher is being led by the Nasdaq. Yesterday, the Nasdaq led the charge to the downside with the index down -2% at one point. It ended the session down -1.6%.
The snapshot is now showing:
- S&P up 24.5 points or 0.90% at 2769.59
- Nasdaq up 75 points or 1.01% at 7407.61
- Dow up 247 points or 1.00% at 25069.
For the S&P, the 200 day MA is at 2774.77. The price high has just reached 2773.64. The 100 day MA is at 2800.78. That 2800 is a well talked about number for traders.
