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Indices

Stock Indices Recap – 8/7/2017

Posted 08/07/2017 3:47PM CT | Hightower Report

September S&P finished up 16.5 at 2488.6, -10.6 off the high and 15.5 up from the low. September S&P E-Mini closed up 5.5 at 2477.5. This was 5.5 up from the low and 0.75 off the high.

 

Global equities remain strong again today and were propelled higher by an extension of favorable earnings news, another round of positive employment data and perhaps by suggestions from the US Secretary of State that the US would open talks with North Korea if they halt missile tests. While the NASDAQ was strong, it continues to lag behind the rest of the market in a fashion that suggests the “FANG” stocks are still under some suspicion. However, headlines trumpeting the 19th straight day of record closes in the Dow clearly hints at an overdone technical and psychological condition.

Hightower Report