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US stocks rebound (modestly) from the recent tumble


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Watch 2673.61 in S&P

The US stocks are rebounding in early US trading:

  • S&P indexes up 15.25 points or 0.57% at 2657
  • NASDAQ composite index is up 77 points or 1.12% 6986
  • Dow industrial average is up 117 points or 0.48% at 24581

Keep an eye on the 2673.61 level in the S&P. That was the closing level at the end of 2017. For the Dow, the index closed the year at 24,719.22.  We currently trade below those levels for both those indices. The early high reached 2662.64.
The NASDAQ close the year at 6903. The index closed just above that level yesterday (at around 6908).
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