US equity close: Largest weekly gain for the Nasdaq since November 2022 ...Middle East

Closing changes on the day:S&P 500 up +1.00%DJIA +0.7%Russell 2000 +2.7%Nasdaq Comp +1.4%Toronto TSX Comp +1.0%On the week:S&P 500 up 5.9% -- best since Nov 2022DJIA +5.1%Russell 2000 +7.6% -- best since Feb 2021Nasdaq Comp +6.6%Toronto TSX Comp +5.8%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. This article was written by Adam Button at www.forexlive.com.

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