Market Outlook – 04/10/18 – Brandon Van Zee
The S&P 500® surged higher after trade tensions between China and the United States seemed to cool down overnight. It closed higher by 1.67% and its intermediate posture remains bullish. There is a little bit of a near-term divergence, but it has been reassuring to see the S&P 500 form a bottom in recent weeks that occurred in the same general area as the bottom formed in February. The NASDAQ® led the four major indices higher by rallying over 2%, much of it likely due to the big price move higher by Facebook, who’s CEO answered questions from lawmakers in Washington D.C. Energy stocks lead the market from a sector perspective today.
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