US equity indexes closed on a positive note, sp +17pts (0.5%) at 3453. Nasdaq comp’ +0.2%. Dow +0.5%. The Transports settled +0.2%.
sp’60min
Summary
closing hour action: clawing to 3460, but swinging to 3453. S/t momentum is on the moderately higher side.
*awaiting earnings from INTC… which appears set for an upward… or downside break of 5%.
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… and that concludes Thursday. It was a day of considerable chop, and whilst ending on a positive note, daily momentum still settled negative.
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notable stock: TSLA
Net gains for Tesla, but well below the opening level.
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notable stock: UAL
A strong day for the airlines, arguably on stimulus/bailout hopes. For now, the stock/sector remain m/t broken.
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notable stock: F
Ford helped via a number of upgrades. The break above key price threshold/resistance is significant.
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A fine end to the day. Have a good evening.
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more later on the VIX and Indexes by 6pm EST