- 15:30 ET Dow +134, Nasdaq +42, S&P +15.91: - NEWS-SERVICE, 04.05.2001, 22:11
- Close Dow +154.59 at 10951.24, Nasdaq +45.32 at 2191.52, S&P +18.13 at 1266.71: - NEWS-SERVICE, 04.05.2001, 22:34
15:30 ET Dow +134, Nasdaq +42, S&P +15.91:
As Briefing.com suggested in an earlier comment, the markets are set for a strong close. The Dow has comfortably cleared the 10,900 level and will now face more significant resistance at 11,000. Blue chips haven't seen territory in excess of 11,000 since September 14, 2000. Both the S&P 500 and the Nasdaq also trade near the day's best levels on what has been an impressive intraday rally. The one knock that could be lodged against today's trading is that total volume traded will be somewhat light. Yet the fact that today is a Friday (Friday's are characteristically light) mitigates this contention to some degree. Additionally, the markets are working into a seasonally slower period in which total market volume tends to decline. DJTA +0.4%... DJUA +1.0%... SOX -0.5%... XOI +1.8%... BTK +3.9%... Nasdaq 100 +2.5%... S&P Midcap 400 +1.0%... Russell 2000 +0.8%... NYSE Adv/Dec 1917/1126... Nasdaq Adv/Dec 2075/1649.
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