HIGHEST CLOSE OF S&P 500 IN 2015

The morning started again with some hesitation, but by the afternoon session US stocks are rallied yesterday and hit S&P500 finally the highest closing price in 2015 and turned green +0,5% for the year. So far, the markets year-to-date have been very volatile and not going anywhere, but by now the picture is changing slightly.

The DJIA gained in triple digit and it’s 26 stocks out of 30 gained as well and by now the index is flat for the year. Coca-Cola’s shares rose by 2.8%, helping lead the Dow higher, after the company reported 4th quarter profit and revenue that topped analyst expectations. The Nasdaq’s gain was supported mostly by Apple climbed by 1,9% and the first company in the history of US which capitalization is above 700$ billion.

Investor optimism was fueled by good news from Greece. The markets got a boost after news reports offered hope that the European Commission was considering a six-month debt extension. European stocks climbed on Tuesday France’s CAC 40 gained 1% and Germany’s DAX added 0.9%.

• S&P 500 +1,07%
• DJIA +0,79%
• Nasdaq +1,3%

Technically the S&P 500 closed above the 2,060 resistance level and therefore we are expecting more gains in the following days up to the next resistance of 2,090.

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The BFM Assets Team.