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New highs for US stocks. The Nasdaq remains in the lead


Major U.S. equity indices are trading at new session highs with the NASDAQ index leading with a 1.5% gain:

  • Dow Industrial Average up 300 points or 0.90% at 33637.34
  • S&P up 49.28 points or 1.17% to 4256.50
  • NASDAQ index up 188.46 points or 1.48% to 12969
  • Russell 2000 up 31.11 points or 1.58% from 2006.37

The NASDAQ index’s intraday high from yesterday’s trade hit 13026.24. Today’s high price reached 12974.60 so far. A move above this high would lead traders to target the 13086 – 13199 area (swing zone). Above that, the 50% retracement of the decline from the November 2021 high moves to 13388.68. Its 200-day moving average is up at 13509.17.

The Nasdaq looks to yesterday’s high

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