06/03/2023
The three major indices continued to close higher today, with the Dow Jones up 115.14 points, or 0.34%. The Nasdaq Composite Index rose 188.27 points, closing up 1.51%. S&P 500 index rose 39.28 points, closing up 0.94%
In terms of sectors, the Network Stock Index ETF rose 2.42% to lead the pack, with the Technology Sector ETF up 2.05%, the Global Technology Stocks ETF up 1.98%, the Consumer Discretionary ETF up 1.55%, the Energy Sector ETF, the Financials Sector ETF, the Banking Sector ETF, and the Regional Banks ETF each up 0.6-0.8%. Consumer Discretionary ETFs, Utilities ETFs, Biotech ETFs, and Health Care ETFs were each down less than 0.5%.
Asset-based ETFs, led by the Nifty 100 ETF, rose 1.86%, while the S&P 500 ETF, the S&P 500 Value Index ETF, the Long Dollar Index and the Russell 2000 ETF also gained 0.5-1%. The Panic Index Long fell 4.02%, the Gold ETF-SPDR fell 1.30%, the U.S. Brent Oil Price Fund fell 1.16%, and the rest of the RMB Long, Yen Long, U.S. Treasury 20+ Year ETF, U.S. Treasury 7-20 Year ETF, Euro Long, Emerging Markets ETF, and AMT-free Municipal Bond ETF also each lost more than 0.5%.
The S&P 500 completed its breakout today, coming off its highs. So far, only the Dow Jones has not yet completed its high breakout, and the market still has upward momentum in the short term, so can the Dow break through successfully? We'll see.
