Technical Analysis

Rotation into the cyclicals and out of tech in stock trading today

Nasdaq index lower.  Dow closes higher

The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%.

The final numbers are showing:

  • S&P index up 11.49 points or 0.27% at 4192.66
  • NASDAQ index down 67.565 points or -0.48% at 13895.11
  • Dow industrial average up 238.3 points or 0.7% at 34113.23
  • Russell 2000 index up 11 points or +0.49% at 2277.45

The NASDAQ index was up as much a 0.57% before giving up all those gains and down a near equal -0.58% at the lows for the day.

In the European markets, the major indices closed higher today (note the UK market was closed today).

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