- 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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I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.
