Closing changes for the main US equity indexes:
- S&P 500 +0.9%
- Nasdaq Comp +0.5%
- DJIA +1.2%
- Russell 2000 flat
- Toronto TSX Comp (closed for holiday)
Apple shares were a drag on the main market indexes early and they fell to flat on the day but buy-the-dip won again, leading to some nice gains for big caps. The inability for small caps to rally is a bit of a concern but that might come when there are better signs that the Fed is done hiking or is ready to cut (without a tough recession).
The Russell 2000 is showing some indecision.
Russell 2000 daily dojis