US stocks rip higher for the second day as Nasdaq closes at highest since AugustThere were non-stop flows into US stock markets on Friday, led by the Nasdaq:
- S&P 500 +1.3%
- Nasdaq Comp +2.2%
- DJIA +1.0%
- Russell 2000 +1.1%
- Toronto TSX Comp +0.8%
On the week:
- S&P 500 +0.3%
- Nasdaq Comp +2.4%
- Russell 2000 flat
- Toronto TSX Comp -2.1%
Broadcom was a big winner on Friday, gaining 11% with Qualcom and Intel making some headway as the chip rally broadens out.
This is the fifth week in a row of gains for the Nasdaq and it's very much looking like the double bottom in Oct/Dec was the low.
This article was written by Adam Button at www.forexlive.com.
Source: US stocks rip higher for the second day as Nasdaq closes at highest since August (https://www.forexlive.com/news/us-stocks-rip-higher-for-the-second-day-as-nasdaq-closes-at-highest-since-august-20230526/)
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