Not so fast. S&P and Dow indices turn back in the red for the day/week

The major US stock indices have turned back into negative territory after extending higher after the favorable inflation and growth numbers from the University of Michigan sentiment survey.

For the

  • Dow Industrial Average it traded as high asup 144.6 points. It is currently trading down 10 points or -0.03% at 36107.
  • The S&P index traded as high as +20.73 points. It is currently down -4.6 points or -0.10% at 4581.50.
  • Finally, the Nasdaq index traded as high as 75.90 points. It is currently down -6.2 points or -0.04% at 14333.74.

The high price for the NASDAQ today reached 14415. That took the price above the highest closing level for 2023 at 14358.02. However, like last week’s high, the break failed. The prices back below that high closing level for the year.

For the trading week:

  • Dow Industrial Average is down -0.36%
  • S&P index is down -0.27%
  • Nasdaq index is still clinging to a 0.19% gain

This article was written by Greg Michalowski at Source