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A weaker USD reinforces current bullish tone for stocks


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Major US stock indices have managed to stage a strong rebound to snap their respective two days of consecutive losses since Monday. The S&P 500, Nasdaq 100 and Dow Jones Industrial Average posted similar gains of around +0.90% with outperformance seen in the small-caps index, Russell 2000 that rallied by +2.35% to close at 2,239 after being the underdog for the past four weeks. Despite yesterday’s rally, the Russell 2000 is still below its intermediate range resistance of 2,280 that has capped previous rallies since 5 April.
Yesterday’s up move seen in the US stock market was not triggered by any clear macro catalysts, a similar observation seen from the previous sessions where the overall market was down for two consecutive days despite most earnings reports exceed expectations; note that we are in the second week of US Q1 earnings reporting session. Strong market breadth statistics for yesterday as number of advancing stocks outpaced declining stocks by a ....

Dow Jones Industrial Average , South Korea , Hong Kong , Hang Seng Index , Hang Seng , Straits Times Index , Relative Strength Index , Asia Ex Japan , டோ ஜோன்ஸ் தொழில்துறை சராசரி , தெற்கு கொரியா , ஹாங் காங் , செயலிழக்க செங் குறியீட்டு , செயலிழக்க செங் , நீரிணை முறை குறியீட்டு , உறவினர் வலிமை குறியீட்டு , ஆசியா முன்னாள் ஜப்பான் ,