S&P and Nasdaq crack above 200 day MAs
The US stocks are extending their gains as better JOLTs data and earnings have giving the indices their own little jolts.
For the S&P, the price is up 33 points or 1.21% at 2785. It has moved above and away from its 200 day MA at 2767.05.
For the Nasdaq, it is currently up 111 points or 1.5% at 7542. It has also moved above and away from its 200 day MA at 7508.93.
The moves take more of the bearish sting out of the market after 4 days of sitting on a bearish/bullish fence for those indices (around the 200 day MA).