The US stocks are getting a boost from comments from Treas. Sec Bessent who said that terrible standoff with China is unsustainable, and that he expects the situation to de-escalate. The comments were made within a closed-door investor Summit on Tuesday.
The NASDAQ index moved up to 16333.89.
Both of those moving averages would need to be broken to increase the bullish bias from a technical perspective. Note that last Thursday, the high price stalled just ahead of its 50 hour moving average keeping the sellers more in control. The low price reached yesterday extended to 15687. The price gapped higher in trading today.
For the S&P, it's 50 hour moving averageis at 5299.82 while its100 hour moving average is at 5302.20. The high price just reached 5297.64. The price is getting closer and closer to those two key moving averages. Getting above them would be a positive technical shift.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us stocks get an additional boost from bessent comments indices approach hourly mas was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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