After the ugly reversal following Nvidia earnings on Friday, there were predictions of further pain for the Nasdaq. Instead, it’s risen for four straight days and closed at the highest since August 1. A big rally on Friday could even put it in positive territory for the month.
Nasdaq Comp daily
The duration trade is a big part of the rally as Treasury yields fell and that is going to be an ongoing theme.
Closing changes:
- S&P 500 +0.4%
- DJIA +0.1%
- Nasdaq +0.5%
- Russell 2000 +0.5%
- Toronto TSX Comp +0.2%