The markets enjoyed a strong push to the upside today thanks to a strong energy sector as well as tech stocks. The Dow 30 closed higher by 122, the S&P 500 added 22, and the Nasdaq 100 showed the best gains on the day, adding 44. Technical traders will note the break above resistance on the S&P 500 as well as the Dow, a move that many had been waiting for.
Oil was a big supporter of the S&P 500 today as the price per barrel moved over $71, hitting new highs in the process. In the Dow 30, ExxonMobil
In what was previously bearish news for the markets, the 10 year note climbed back above 3%. Just a few weeks ago this was seen as a bearish sign and investors chose to sell off some of their stocks in the short term. Also noteworthy was the 2 year note which traded almost perfectly to a 10 year high.
Walmart