Stocks push higher into the close. Snatch victory from the jaws of defeat

The major indices are closing higher after a late session surge take the Dow and S&P toward the highs and reverse declines in the NASDAQ index.

The major 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 snapped a two day decline. The Russell 2000 index was the biggest gainer today.

The final numbers are showing:

• Dow industrial average up 139.92 points or 0.40% at 34818.28
• S&P index up 15.45 points or 0.34% at 4545.87
• 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 up 40.99 points or +0.29% at 14261.51
• Russell 2000 index rose 20.98 points or 1.01% at 2091.11

Looking at the major sectors in the S&P index, the gainers today included:

• real estate , +1.9%
• utilities +1.4%
• materials +1.1%

The major decliners today included:

• industrials, -0.8%
• technology -0.3%
• financials -0.2%

For the trading week, the Dow and S&P were little changed. The NASDAQ rose modestly:

• Dow industrial average, -0.07%
• S&P index +0.07%
• NASDAQ +0.63%

A positive development technically for the S&P index is it is closing the day just above its 100 day moving average at 4541.81. Yesterday the index fell back below that moving average level, but rebounded back above in trading today.

The not so good news is that the Dow industrial average remains below its 200 day moving average at 34996.69.

Also not great technically, is the NASDAQ index moved up to its 100 day moving average on both Tuesday and Wednesday and found sellers ahead of the moving average level. The 100 day moving average currently comes in at 14599. A move above that moving average is needed to tilt the bias more in the direction of the upside.