[Video] S&P 500 Eyes New Highs, WTI Rally Stalls At $70
Matt Simpson June 7, 2021 3:52 AM
It was a positive finish on Wall Street on Friday thanks to a weak NFP report, and the S&P 500 could be looking at fresh highs if it can break above resistance.
In today’s video we also catch up on US listed stock AIG (American International Group) as it has broken resistance and since confirmed it as support. What is quite interest about this stock is that it’s currently the second most shorted stock on the S&P 500, so any gains could continue to squeeze bears and further fuel a bullish rally. We then finish up on WTI as it has met resistance at $70.
S&P 500: Market Internals
S&P 500: 4229.89 (0.88%), 04 June 2021
- Information Technology (1.91%) was the strongest sector and Utilities (-0.15%) was the weakest
- 10 out of the 11 S&P 500 sectors closed higher
- 2 out of the 11 sectors outperformed the S&P 500
- 340 (67.33%) stocks advanced and 163 (32.28%) declined
- 90.5% of stocks closed above their 200-day average
- 64.16% of stocks closed above their 20-day average
- + 4.99% - Biogen Inc (BIIB.OQ)
- + 4.58% - Tesla Inc (TSLA.OQ)
- + 4.03% - IPG Photonics Corp (IPGP.OQ)
- -7.70 % - Organon & Co (OGN.N)
- -3.61% - Mosaic Co (MOS.N)
- -2.53% - American Airlines Group Inc (AAL.OQ)
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