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Thursday, September 16, 2021

S&P 500 Finishes in The Green on Light Volume


The S&P 500 ended just in The Green Tuesday as gains in tech-related shares offset fresh worries about the impact of the US China trade dispute on earnings and the Fed on interest rates.

USTR Lighthizer and Treasury Secretary Mnuchin spoke to China’s Vice Premier Liu He Tuesday.

Market reaction was muted, as it was expected that there would be a phone call this week to continue trade talks.

Wednesday, Investors will receive the FOMC Mins from the June meeting, Wholesale Inventories for May, and the weekly MBA Mortgage Applications Index.

The DJIA fell 22.38 points, or 0.08%, to 26,783.76, the S&P 500 gained 3.67 points, or 0.12%, to 2,979.62 and the NAS Comp added 43.35 points, or 0.54%, to 8,141.73.

Volume: Trade came in lite on the NYSE at 678-M/shares exchanged

  • NAS Comp +22.7% YTD
  • S&P 500 +18.9% YTD
  • Russell 2000 +15.9% YTD
  • DJIA +14.8% YTD

HeffX-LTN’s overall technical outlook for the major US stock market indexes if Bullish in here and Key indicators are flashing Very Bullish.

Stay tuned…

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