November 29, 2024 17:46 GMT
US STOCKS: S&P 500 At All-Time Highs Ahead Of Early Close
US STOCKS
- ESZ4 has seen strong gains since the cash open, continuing ahead of the early close (cash 1300ET, futures 1315ET), with a macro boost from 10Y real yields falling 6bps from Wednesday's close.
- It has recently touched a high of 6060.00 (+0.7%), clearing the bull trigger at 6053.25 (Nov 11 high) to open 6070.16 (1.382 proj of Sep 6-17-18 price swing) after which lies 6103.88 (1.500 proj of the same swing).
- It chimes with the cash S&P 500 touching all-time highs
- E-minis: S&P 500 (+0.7%), Nasdaq 100 (+0.9%), Dow Jones (+0.7%) and Russell 2000 (+0.4%).
- SPX drivers: all major sectors in the green, led by IT (+1.2%), consumer discretionary (+0.9%) and industrials (+0.6%). Utilities (+0.2%) and real estate (+0.3%) lag.
- Some more mixed performance across major names. Nvidia (+2.7%) stands out as it recoups losses from earlier in the week along with strength for Tesla (+2.2%) and Meta (+1.1%). Alphabet (-0.1%) the notable laggard of mega caps, weighed by further regulatory pressures this time from Canada’s antitrust regulator.
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