US stocks open higher and extend gains from yesterday's trade

The major stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are trading higher in early US trading. The gains are being led by the NASDAQ index once again which rose close to 3% yesterday. The Dow is working on its third day higher. The S&P and NASDAQ are up for the second consecutive day.

A snapshot of the market currently shows:

• Dow industrial average up 442 points or 1.32% at 33985
• S&P index is up 59.5 points or 1.40% at 4322.60
• NASDAQ index is up 218 points or 1.68% at 13166
• Russell 2000 is up 29.56 points or 1.5% at 1998.53

Looking at the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index, the gap higher has the pair moving closer to its falling 100 hour moving average at 13232.26. That moving average was broken on March 3, but found willing sellers against its 200 hour moving average. The 200 hour moving average has held resistance on the last two tests on March 3 and previously on February 10 (see green line in the chart below).

For today move above the 100 hour moving average would be a bullish tilt from a technical perspective. Getting above the 200 hour moving average at 13592.93 be the next hurdle for the market.

Recall from Monday's trade, the price a close below the lowest level in 2022 (February 24 low was at 12587.88 and the price closed at 12581.23). However, the price gap higher yesterday and today there is another gap to the upside for that index.