Stock market bulls eye technical signal for further gains

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الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Traders are watching the 4,231 level for the S&P 500

. Hitting that would mean the benchmark index will have recouped half the losses logged since the drop from its January high.

To trigger the signal the S&P 500 has to close above 4,231, Jonathan Krinsky, chief market technician at BTIG, said in a note. Stocks’ big advance in recent weeks, particularly for beaten down technology and other growth names, has lifted the Nasdaq Composite more than 20% above its recent low, raising hopes for a brief bear market.

 

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

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