US Stocks Finished at Session Highs Wednesday

US Stocks Finished at Session Highs Wednesday

#DJIA #stocks #NYSE

$DIA $QQQ $SPY $USO $USD $XAU $GLD

Wednesday, the DJIA finished the day above 27,000 after Pfizer (NYSE:PFE) announced that it had struck a deal with the US government for the C-19 coronavirus vaccine it is developing with BioNTech SE.

The NAS Comp finished the day up 0.2%, the DJIA gained 0.6%, and the S&P 500 rose 0.6%.

Market breadth was good: More than 70% of the S&P 500’s stocks finished higher, 23 of the Dow’s 30 stocks finished in the Green.

The NYSE Cumulative Advance/Decline Line, a technical measure that grows or shrinks each day based on whether more stocks rose or fell hit an all-time high on Tuesday and continued rising Wednesday, suggesting that the underlying market is stronger than it looks to many.

Wednesday, the major US stock market indexes finished at: DJIA +165.44 at 27005.84, NAS Comp +25.76 at 10706.21, S&P 500 +18.72 at 3276.02

Volume: Trade on the NYSE came in at light at 830-M/shares exchanged

  • NAS Com +19.3% YTD
  • S&P 500 +1.4% YTD
  • DJIA -5.4% YTD
  • Russell 2000 -10.7% YTD

HeffX-LTN’s overall technical outlook for the major US stock market indexes is Very Bullish in here.

Looking Ahead: Investors will receive the weekly Initial and Continuing Claims report and Conference Board’s Leading Economic Index for June Thursday.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.