Nasdaq strikes nearer to report excessive shut

The NASDAQ index is transferring nearer to its all-time excessive closing degree reached on November 19, 2021 at 16057.44. The intraday all-time excessive worth was reached at 16212.23 on November 22, 2021. From that prime degree, the value of the index tumbled 37.77% to its backside on October 13, 2022.

With the value of the index buying and selling at 15936, the present worth is inside 0.76% of a brand new all-time excessive shut (and round 1.76% away from an all-time intraday excessive).

In the meantime, the S&P index is placing some area between its present worth and the 5000 degree. It at the moment trades at 5015.26 up 17.38 factors or 0.35%. Its all-time intraday excessive previous to this yr was at 4818.62. The worth is now about 4.8% above that degree.

The Dow industrial common is down -0.18% at the moment however has additionally moved to new all-time excessive closing ranges. The worth moved above its earlier all-time excessive closing degree again in mid-December above 36952.65. The present worth is buying and selling at 38655 about 4.7% above its earlier all-time excessive intraday degree.

The bulls are raging on Wall Road!