The major US stock indices are trading higher with the Dow industrial average leading the way. The NASDAQ index is lagging after gains of 2% and over 1.2% over the last two trading days.
A snapshot of the market 17 minutes into the opening is showing:
- Dow industrial average up 238 points or 0.66% at 35990
- S&P index up 25 points or 0.53% at 4721
- NASDAQ index up 33.5 points or 0.21% 1555.60
- Russell 2000 index up 6.8 points or 0.31% at 2228.73
Looking at the NASDAQ hourly chart, the pair is moving up toward the 200 hour moving average at 15568.73. Getting and staying above that moving average would be more bullish.
This article was originally published by Forexlive.com. Read the original article here.