Rebounds from Trump presser sell off
The US stocks got hit when President-elect Trump said that biotech and healthcare prices needed to come down. That sent the S&P to the days lows at 2260.83 but the index rebounded and closed the day at 2275.32, up 6.42 or 0.28% and at the highs for the day.
The Nasdaq was also pressured to a low of 5524.027 but rebounded to close at 5563.648, near the highs for the day at 5564.07.
The Dow closed up near 100 points or 0.5% to 19954.28. The high reached 19973.42. The low was 19833.
It is always a good sign to head lower on news but recover and close near or at the highs. Dow 20k tomorrow? It's gotta be right?
Who cares. The Nasdaq leads the charge in 2017 so far with gains of 3.35%. The S&P is up 1.63% and the Dow is up 0.97%.