Tech Stocks surge as major indices close higher for second consecutive week

The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week. A snapshot of closing levels shows: Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving

S&P 500 close to erasing two weeks of losses just this week

As 10-year Treasury yields basically undoes whatever happened in October, equities are finding much comfort especially in the last two days. Tech stocks have been surging but general sentiment in itself is extremely buoyed as major indices look to wrap up the week with another round of gains. That would make it five for five

GBP/JPY sinks to a fresh weekly low near 181.00 to close out the week

Share: The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close. The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high. BoJ policy statement due next Tuesday, BoE rate call Thursday. The GBP/JPY twisted back into familiar low side territory for the week,

US stock indices close mixed, but down for the week

The major US stock indices are closing the day with mixed results, but all are down for the week. A snapshot of the closing level shows: Dow industrial average -366.71 points or -1.12% at 32417.60 S&P index -19.86 points or -0.48% at 4117.36 NASDAQ index rose 47.4 points or 0.38% at 12643.00 For the trading

10-year Treasury yields close in on the 5% mark again

Just when you thought that the backing off from 5% might trigger a bit more of a retracement, it all but lasted a day – more or less. 10-year Treasury yields hit above 5% for the first time since 2007 on Monday before falling to near 4.80% subsequently. But now, we’re talking about a return

European equity close: Terrible week for stocks

Today marked the fifth day in the past six of declines. The past three have been particularly bruising and we closed on the lows again today. Closing changes on the day: Stoxx 600 -1.3% German DAX -1.6% UK FTSE 100 -1.3% French CAC -1.4% Italy MIB -1.4% Spain IBEX -1.2% On the week: Stoxx 600

US stocks close at session lows. Nasdaq gets hammered.

US stocks are closing the session at the lows with the Nasdaq index leading the way. The final numbers are showing: Dow industrial average -286.91 points or -0.86% at 33127.27 S&P index -53.84 points or -1.26% at 4224.15 NASDAQ index is down -202.38 points or -1.53% at 12983.80 For the trading week, the NASDAQ fell

Major European indices close the session down on the day

The major European stock indices are closing the day lower. The German Dax was the weakest. German Dax -1.55% at 15186.67 France CAC -1.42% at 7003.54 UK’s FTSE 100 -0.59% at 7599.59 Spain’s Ibex -1.10% at 9232.91 Italy’s FTSE MIB -0.92% at 28230.89 For the trading week, the indices are closing with mixed results: German