What a day! Major indices reverse sharply to the upside after initial CPI plunge. | Forexlive – WHERE FOREX NEWS LIVES
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What a day! Major indices reverse sharply to the upside after initial CPI plunge. | Forexlive

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October 13, 2022
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<p>What a day! </p><p>For the day, the S&P had its fifth-largest intraday reversal from a 52 week low. The low at the moment was down -2.39%. That was a brand new 52 week low. At the shut it was up 2.6%</p><p>For the NASDAQ index it was the 4th largest reversal from a 52 week low.. At the low it fell -3.15%. The index is closing up 2.23%.</p><ul><li>S&P and NASDAQ snapped 6 day dropping streak</li><li>All Dow 30 shares shut greater. Best day since November 2020</li><li>All S&P 11 sectors shut greater</li><li>The Dow industrial common vary was 1507 factors or round 5%</li><li>the NASDAQ index had a spread of 608 factors or about 5.70%</li></ul><p>the ultimate numbers are exhibiting:</p><ul><li>Dow industrial common rose 827.87 factors or 2.83% at 30038.71</li><li>S&P index rose 92.85 factors or 2.60% at 3669.89</li><li>NASDAQ index rose 232.06 factors or 2.23% at 10649.16</li><li>Russell 2000 rose 40.64 factors or 2.41% at 1728.41</li></ul><p>The S&P index from a technical perspective examined the 50% midpoint of the transfer up from the March 2020 low. That degree got here in at 3505.24. The low value at the moment reached 3491.58. The value of the S&P additionally traded again under its 200 week transferring common at 3599.73, however is closing again above that degree at 3669.89.</p>

This article was written by Greg Michalowski at forexlive.com.



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