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SPDR S&P MidCap 400 ETF Trust
Charting a break to ‘clearer skies’ territory: Nasdaq rattles cage on record highs
U.S. stocks are firmly higher early Friday, rising after a strikingly better-than-expected monthly jobs report. Against this backdrop, the Nasdaq Composite is rattling the cage on uncharted territory, vying to surpass its record close (9,817) and absolute record peak (9,838). Meanwhile, the Dow industrials have knifed firmly atop the 200-day moving average early Friday, clearing …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark
Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …