The S&P 500 extended today’s gain to 37 points, or 0.75%, after briefly trading in negative territory.
Shares opened higher today, but slipped in the first two hours of trading before finding a nearly unchanged bottom that day. There are still almost 3 hours of trading left and the bulls will not yet declare victory.
Today, after the close, we receive results from steel giants Nucor and Cleveland-Clffs, which could provide insight into the industrial economy and auto demand, but the most important numbers will arrive 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.
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