Technical Analysis

S&P index closes above its 200 day MA for the primary time since December 2018

Stable features for all the foremost indices

The key indices are closing increased in the present day with the S&P closing above it is 200 day MA for the primary time since early 2018. The Dow snapped a four day shedding streak. 

The ultimate numbers are exhibiting:

The S&P index rose 34.93 factors or 1.29% at 2744.73. The 200 day MA is available in in the present day at 2743.35.  The excessive reached 2748.19
The Nasdaq closed up 106.71 factors or 1.46% at 7414.61. The excessive reached 7419.43. The low prolonged to 7349.80The Dow rose 372.65 factors or 1.49% at 25425.76. The excessive reached 25458.98.

The rise in the present day got here on the again of hopes that the goverrnment would avert a shutdown and on hopes that because the clock ticks to the March 1st deadline for a China/US deal, that there will probably be some progress and maybe a delay within the tariff hike if deemed deal is forthcoming.  

Disney and McDonalds have been the one Dow decliners in the present day. The most important Dow gainers have been:

Caterpillar, up 2.88%3M, up 2.8percentDuPont, up 2.6percentIntel, up 2.54%United Well being, up 2.46%Merck, up 2.35%
Some excessive flying winners in the present day included:Micron, up four.72%Netflix, up four.12%Nvidia, up three.22%Amazon, up 2.95%Alphabet, up 2.41%

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