The major stock market indexes rose in early trading Thursday, with the Nasdaq leading the upside. Investors ignored Fed warnings and bought stocks after stronger-than-expected GDP and labor data. The S&P 500 rose 0.6% and Dow Jones Industrial Average added 0.3%. The Nasdaq gained 1.2%, while the small-cap Russell 2000 crept up 0.2%. Volume on the NYSE and Nasdaq was higher vs. the same time on Wednesday. The Dow traded near its 50-day and 21-day exponential moving averages . The S&P 500 found support at its 200-day moving average but is still testing this critical level. The Nasdaq held above its 50-day line. The tech-heavy Nasdaq 100-tracking Invesco QQQ trust ETF ( QQQ ) rose 1.3%. Crude oil rallied 1.2% to $81.04 per barrel. The Energy Select Sector SPDR ETF ( XLE ) edged up 1.2%. Bitcoin futures added 0.7% to $23,110. The Innovator IBD 50 ETF ( FFTY ) traded worse than the major stock market indexes, adding just 0.2%. The 10-year Treasury note yield added 3 basis points to 3.48%. European stock markets generally rose, with the German DAX unchanged and Paris CAC 40 up 0.6%. The London FTSE inched up 0.1% in afternoon trading. Fourth quarter […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
