Friday , 22 November 2024
Home Forex S&P 500 rebounds, adds to gains
Forex

S&P 500 rebounds, adds to gains

The S&P 500 has extended today’s gain to 37 points, or 0.75% after briefly trading into negative territory.

Stocks opened higher today but slid in the first two hours of trading before finding a bottom near unchanged on the day. There are still nearly 3 hours of trading left and the bulls won’t be declaring victory yet.

Today after the close, we get earnings from steel giants Nucor and Cleveland-Clffs, which could provide some feedback on the industrial economy and auto demand but the bigger numbers come tomorrow in the AM from UPS, GE, GM and Spotify, followed by Tesla and Visa after hours.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart

The USD/JPY pair moved lower in the early Asian session but found...

What is the latest tilt for US Treasury Secretary?

The fight for US Treasury Secretary is thought to be coming to...

University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate

Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations...

GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse

GBP/ZAR has formed a temporary bottom after a steep sell-off.