US benchmarks have seen a severe drop and then a big rebound in September and October. The S&P 500 fell roughly 10% from its mid-September peak to its mid-October low, but then the benchmark jumped 4.1% last week for its biggest weekly gain since January 2013. All US indices turned in a nice V-shaped recovery. The Dow closed again above 17,000 key resistance level on Tuesday. Yesterday continued the optimism and traders bid up prices.
- Nasdaq +1.75%
- SP500 +1.19%
- DJIA +1.12%
Technically it seems inevitable to hit new high at 2.015 on SP500 again shortly, within a week.
The BFM Assets Team.
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