The major stock indices are trained to new session highs. In the process, the S&P index is now within about 12- 13 points of its all-time high closing level of 4796.57. The high-priced just reached 4784.73. The high-priced reached near the end of December reached 4793 close to that all-time high, but the price backed off. The intraday high for the S&P index reached 4818.62 back in January 2022.
The S&P index is now in positive territory for the year at +0.28%
The Nasdaq index is also extending to the upside. That index is currently up 118 points or 0.79% at 14975.73. The Nasdaq index is now only down -0.22% from end-of-the-year levels.
The Dow Industrial Average is up 162.2 points or 0.43 percent at 37687. It’s high-price today reached 37691.99. The Dow Industrial Average has also now erased its declines at the start of 2024, and trades near unchanged for the new year.
This article was written by Greg Michalowski at www.forexlive.com. Source