S&P 500 (SPX) Tops All 8 major Global Equity Indices; Up 3.2%

S&P 500 Daily Price Recap

2850 was the closing price of the day for S&P 500, resulting in today being one in which price moved up 3.2% ($88.37) from yesterday. S&P 500 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Congrats to its holders! Below is a daily price chart of S&P 500.

S&P 500 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about S&P 500:

  • From bostonchaahhts:

    almost 30% off the lows for the S&P 500 but still down ~17% from the Feb highs. kind of in now man’s land here $SPX

  • From MrMBrown:

    Stocks end the day at session highs as investors focus on glimmers of coronavirus optimism & digest Fed stimulus.At the close:- S&P 500 up 3.05%
    – Dow up 2.40%
    – Nasdaq up 3.95%$SPX $DJIA $COMP

  • From MarketGoldberg:

    The S&P 500 is now trading above a 20x multiple of FY20 estimated earnings…Heading into an unavoidable recession…$SPY $SPX #markets #herd #animalspirits

For a longer news piece related to SPX that’s been generating discussion, check out:

Search Results for “S&P 500” – ISABELNET

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