The S&P 500 continues to rise, targeting 4,600 as the US session draws to a close

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  • The S&P 500 has built on past earnings and is targeting the 4600 level.
  • The Nasdaq 100, while still lagging behind the S&P 500 and the Dow, has seen an impressive recovery from the lows.

US equities it has continued to rally in the second half of the US session, with a recovery now broader with tech and growth stocks joining the party despite continued rising yields. The S&P 500 Index is now up almost 1.5% and is considering a test of the 4600 level. The Dow remains in the lead and is now closer to 2.0%. Meanwhile, the Nasdaq 100 is up about 1.0%, which means it has reversed more than 1.8% from the lows of the previous session.

Technical levels

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