S&P500 S&P 500 stuck at high of 2023.40 and a low of 1997.50 yesterday as U.S. stocks rebounded on Wednesday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates. The S&P 500 rose 1.2 percent, its biggest daily percentage gain since Dec. 18, retracing some of its 4.2 percent loss over the previous five sessions tied to concerns about plunging oil prices and global economic weakness. According to minutes of the Feds December meeting, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be patient in deciding when to begin the process. Retailer shares jumped. J.C. Penney shares surged 20.3 percent to $7.89, a day after the department store operator said same-store sales rose 3.7 percent in November and December. DAILY TECHNICAL RESISTANCES AND SUPPORTS CURRENT PRICE: 2034.40 RESISTANCES: 2042.10 2051.00 2059.50 SUPPORTS: 2026.10 2019.10 2010.50
Posted on: Thu, 08 Jan 2015 08:09:50 +0000