SignalMacro

Nasdaq rallies 2% and erases election day losses

Nasdaq's 2% rally erasing election day losses signals strong market recovery momentum.

Context

What happened: The Nasdaq Composite (COMP:IND) rose 2.2% and the Nasdaq-100 (NDX) rose 3% in Wednesday's trading session, moving the technology-focused indexes into positive territory. Key numbers: Nasdaq Composite +2.2%, Nasdaq-100 +3%. Why it matters: The rebound erased all losses since the midterm elections, a notable shift for the indexes.

What changed

The Nasdaq Composite (COMP:IND) rose 2.2% and the Nasdaq-100 (NDX) rose 3% in Wednesday's trading session, moving the technology-focused indexes into positive territory.

Why it matters

The rebound erased all losses since the midterm elections, a notable shift for the indexes.

Sources

seekingalpha