Market Pulse on April 24th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2836,74 +38,94.

Although the week has been very volatile, the S&P 500 lost only 1% with still a lot of activity concentrated on a few bellwhether stocks. Some short covering activities drove the market higher late Friday afternoon in anticipation of the improving situation on the coronavirus pandemia. Most of our indicators are neutral at this stage although our buying/selling index on the Nasdaq is close to the overbought level.Breadth closed on a positive note: 2402 stocks advanced compared to 1470 that settled down.

A lire aussi...