• What's the Dow Jones doing before today's Fed policy statement?

    8 days ago - By ETF Daily News

    From Mark Decambre & Chris Matthews : U.S. stocks were mixed in up-and-down trade on Thursday, with the Nasdaq and S&P 500 trading slightly lower, while the Dow gained some buoyancy ahead of a monetary-policy statement from the Federal Reserve, which could offer fresh clues on the pace of rate increases.
    How did the benchmarks perform?
    The Dow Jones Industrial Average DJIA, +0.28% was up 75 points, or 0.3%, at 26,253, while the S&P 500 SPX, -0.02% was virtually unchanged at 2,812 and the Nasdaq Composite Index NQZ8, -0.58% fell 0.3%, or 20 points, to 7,550.
    On Wednesday, the Dow rose...
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  • S&P 500 trades above 200-day Simple Moving Average

    S&P 500 trades above 200-day Simple Moving Average

    8 days ago - By ETF Daily News

    From Russell Shor : The SPX500 is technically still in a downtrend. However, we note that the index is very close to ending the downtrend.
    The above chart shows daily price action. The SPX500 is technically still in a downtrend. However, we note that the index is very close to ending the downtrend. If price moves above the green horizontal a higher peak will have been charted. The index is above the 200-day Simple Moving Average. If the 200-day SMA turns up, this will be considered as a bullish development.
    The SPDR S&P 500 ETF Trust was trading at $281.00 per share on Thursday afternoon...
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