Up 0.66%On Wednesday, the Nasdaq composite index opened at a new all time high level of 6759.66, but moved back lower.
After corrected to the lows from Monday during yesterday’s trading and finding support buyer, the pair has continued the march higher. We just moved to a new high for the week and a new all-time intraday high in the process.
The break is not running — the index is up a healthy 0.66% on the day already — but it is tough to sell this market.
The beat goes on for the Nasdaq.
For the S&P index, it too is back higher but is just short of the Wednesday high price at 2588.40. The price is trading at the highs for the day at 2588.09. Almost there…..
PS the Nasdaq is now up 0.72% at 6764.