Stocks push higher into the close. Snatch victory from the jaws of defeat

The major indices are closing higher after a late session surge take the Dow and S&P toward the highs and reverse declines in the NASDAQ index.

The major  indices 
Indices

Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can
invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track an index. The difference between an index fund’s performance and the index, if any, is called tracking error. Most major countries boast multiple indices. Commonly traded indices include the S&P 500, NASDAQ-100, Dow Jones Industrial Average (DIJA), EURO STOXX 50, Hang Seng Index, and many more.Stock market indices can be characterized or segmented by the index coverage set of stocks. The overall coverage of an index constitutes an underlying group of stocks, most commonly grouped together by underlying investor demand.How to Trade IndicesRetail brokers offer indices exposure through the use of contracts-for-difference (CFDs) or exchange-traded funds (ETFs). Each are popular ways to trade specific markets and are almost always on offer at most brokers.Investors can choose between multiple types of indices that traditionally fall within several categories. This includes country coverage, regional coverage, global coverage, exchange-based coverage, and sector-based coverage.All indices are ultimately weighted in a number of different ways. The most common mechanisms include market-capitalization weighting, free-float adjusted market capitalization weighting, volatility weighting, price weighting, and others.

Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track an index. The difference between an index fund’s performance and the index, if any, is called tracking error. Most major countries boast multiple indices. Commonly traded indices include the S&P 500, NASDAQ-100, Dow Jones Industrial Average (DIJA), EURO STOXX 50, Hang Seng Index, and many more.Stock market indices can be characterized or segmented by the index coverage set of stocks. The overall coverage of an index constitutes an underlying group of stocks, most commonly grouped together by underlying investor demand.How to Trade IndicesRetail brokers offer indices exposure through the use of contracts-for-difference (CFDs) or exchange-traded funds (ETFs). Each are popular ways to trade specific markets and are almost always on offer at most brokers.Investors can choose between multiple types of indices that traditionally fall within several categories. This includes country coverage, regional coverage, global coverage, exchange-based coverage, and sector-based coverage.All indices are ultimately weighted in a number of different ways. The most common mechanisms include market-capitalization weighting, free-float adjusted market capitalization weighting, volatility weighting, price weighting, and others.
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snapped a two day decline. The Russell 2000 index was the biggest gainer today.

The final numbers are showing:

Looking at the major sectors in the S&P index, the gainers today included:

  • real estate , +1.9%
  • utilities +1.4%
  • materials +1.1%

The major decliners today included:

  • industrials, -0.8%
  • technology -0.3%
  • financials -0.2%

For the trading week, the Dow and S&P were little changed. The NASDAQ rose modestly:

  • Dow industrial average, -0.07%
  • S&P index +0.07%
  • NASDAQ +0.63%

A positive development technically for the S&P index is it is closing the day just above its 100 day moving average at 4541.81. Yesterday the index fell back below that moving average level, but rebounded back above in trading today.

S&P index
S&P index is closing above its 100 day moving average

The not so good news is that the Dow industrial average remains below its 200 day moving average at 34996.69.

Also not great technically, is the NASDAQ index moved up to its 100 day moving average on both Tuesday and Wednesday and found sellers ahead of the moving average level. The 100 day moving average currently comes in at 14599. A move above that moving average is needed to tilt the bias more in the direction of the upside.

NASDAQ
NASDAQ index moved up to its 100D MA this week but failed

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