$DIA, $SPY, $QQQ, $RUTX, $VXX
FLASH: Investors extend Friday’s Bull run off of the 50-Day MA support for a broad-based advance; all 11 S&P 500 sectors close higher on the day
Wall Street finished on a high not Monday as the technology sector led a broad-based rebound that stated last Friday, but a fall in Boeing’s (NYSE:BA) shares limited DJIA’s advance after a deadly airline crash in Ethiopia.
All 11 S&P sectors rose, led by gains in the tech sector, which was up 2.2%. The industrial sector finished up 0.9%.
In Washington, President Trump told Congress to slash funding for foreign aid and the State Department and increase spending for the military and the wall he wants to build on the US-Mexico border in hisY 2020 budget, the opening move in his next funding fight with Congress.
Monday, the major US stock market indexes finished at: DJIA +200.64 at 25650.88, NAS Comp +149.62 at 7557.78, S&P 500 +40.23 at 2783.26
Volume: Trade on the NYSE came in at 920-M/shares exchanged
Advancers outnumbered decliners on the NYSE by 3.69-to-1, and on NAS, 3.31-to-1 advanced.
The S&P 500 posted 31 new 52-wk highs and 2 new lows, the NAS Comp recorded 57 new highs and 34 new lows.
- Russell 2000 +14.9% YTD
- NAS Comp +13.9% YTD
- S&P 500 +11.0% YTD
- DJIA +9.9% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish in here.
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