Market Outlook – 05/01/18 – Brandon Van Zee
The S&P 500® closed at session highs, producing a hammer candle. However, the rally was only good for 0.24%. The intermediate posture moved back to weakly bullish, but postures have switched back and forth often during this choppy market environment. After hours, earnings were released by Apple(AAPL), often the most influential stock in the market due to its size. Investors cheered its results in initial trading, which could bode well for tomorrow morning’s open. The Dow Jones Industrial Average was the only major U.S. Index to close lower on today’s session.
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