The major stock indices are closing higher on the day with the Nasdaq leading the way.
- The major indices are off to a positive start for the week after 4 straight weeks of gains
- 9 or 11 sectors in the S&P moved higher with Energy (-1.9%) and materials (-0.1%) the only sectors to decline. Crude oil is down -$3.11 on the day. The consumer staples rose 1.0%
- The Dow is closing above the 200 day MA for the first time since April 20. The 200 day MA comes in at 32897.15. The price closed at 33191.45
The Dow closed above the 200 day MA
A look at the closes shows:
- Dow industrial average is closing up 151.39 points or 0.45% at 31912.45
- S&P index is up 17.01 points or 0.40% at 4297.15
- NASDAQ index is up 80.80 points or 0.62% at 13128.06
- Russell 2000 is up 4.73 points or 0.23% at 2021.34
This article was originally published by Forexlive.com. Read the original article here.