NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Aided by continued strength in the U.S. dollar and another pullback in the price of crude oil, stocks raced higher yesterday, ignoring the prior afternoon’s weakness. Fueled by an impressive 3.9% gain in the Philadelphia Semiconductor Index ($SOX), the Nasdaq Composite rallied 2.8%. The S&P 500 gained 1.7% and the Dow Jones Industrial Average advanced 1.5%. The small-cap Russell 2000 climbed 1.9%, as the S&P Midcap 400 finished 1.3% higher. All the major indices closed at their int[...]
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[Source: The Money Blogs]
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