US equity close: Largest weekly gain for the Nasdaq since November 2022
<p>Closing changes on the day:</p><ul><li>S&P 500 up +1.00%</li><li>DJIA +0.7%</li><li>Russell 2000 +2.7%</li><li>Nasdaq Comp +1.4%</li><li>Toronto TSX Comp +1.0%</li></ul><p>On the week:</p><ul><li>S&P 500 up 5.9% — best since Nov 2022</li><li>DJIA +5.1%</li><li>Russell 2000 +7.6% — best since Feb 2021</li><li>Nasdaq Comp +6.6%</li><li>Toronto TSX Comp +5.8%</li></ul><p>The chart above shows a great recovery from the prior two weeks of gains but it needs to get over those recent highs to be truly convincing. I think we'll have some follow-through in the week ahead because there is some FOMO out there but it will be tested because I don't think there's an appetite to take 10-year yields below 4.50% just yet.</p>
This article was written by Adam Button at www.forexlive.com.
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