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Video NASDAQ 100 Rallies into Resistance MS TGT

Yesterday’s rally broke the Nasdaq’s 4-day losing streak, yet it remains too soon to confirm whether its correction from its record high is complete.

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[Video] NASDAQ 100 Rallies into Resistance (MS, TGT)
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S&P 500: Market Internals

S&P Sector performance of S&P500 and other popular products.  Analysed on July 2021 by FOREX.com

S&P 500: 4323.06 (1.52%), 20 July 2021

  • Industrials (2.7%) was the strongest sector and Consumer Staples (-0.08%) was the weakest
  • 10 out of the 11 S&P 500 sectors closed higher
  • 451 (89.31%) stocks advanced and 52 (10.30%) declined
  • 84.36% of stocks closed above their 200-day average
  • 100% of stocks closed above their 50-day average
  • 45.74% of stocks closed above their 20-day average

Outperformers:

  • + 14.3%   -  HCA Healthcare Inc  (HCA.N) 
  • + 8.38%   -  American Airlines Group Inc  (AAL.OQ) 
  • + 8.28%   -  Norwegian Cruise Line Holdings Ltd  (NCLH.N) 

Underperformers:

  • -4.38%   -  PPG Industries Inc  (PPG.N) 
  • -4.31%   -  Omnicom Group Inc  (OMC.N) 
  • -3.06%   -  Philip Morris International Inc  (PM.N) 


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S&P 500 forecast: Stocks extend drop as correction risks grow

US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.

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