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US STOCKS CLOSE: In U.S. stocks, the S&P 500 closed up 0.57% at 2,471.65, after
trading in a 2,462.65 to 2,475.01 range.
- The August 21 low of 2,417.35 was the lowest since July 11, when the index
bottomed at 2,412.79.
- At Thursday's close, the S&P 500 was up 10.4% year-to date and down 0.8% from
the life-time intraday high of 2,490.87, seen August 8.
- Market players were also monitoring the Russell 2000 index, which often leads
larger stock swings.
- The index, closing around 1,404, posted a low of 1,349.35 August 18, which was
the lowest level since April 17, when the Russell 2000 bottomed at 1,345.363.
- Thursday's close above an old pivot zone of old lows/highs in the 1,390-1,400
was deemed promising, but budding bulls will watch for a close above the 55-day
moving average, currently a bit above 1,407.