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From a technical perspective, the RSI line rose above 50pt, which signals weaker selling pressure and thus may push the index higher in the near term.
See MoreStrong gains on the back of a higher trading volume signify a genuine breakout, potentially prolonging the upward movement.
See MoreBased on the daily chart, the index continues to form higher highs and higher lows and managed to penetrate the psychological resistance of 1,700 yesterday.
See MoreAt the close in NYSE, the DJIA declined 0.40%, while the S&P 500 index declined 0.35%, and the NASDAQ Composite index fell 0.39%.
See MoreAt the close in NYSE, the DJIA added 0.24% to hit new 3-months high, while the S&P 500 index added 0.18%, and the NASDAQ Composite index climbed 0.03%.
See MoreAt the close in NYSE, the DJIA added 0.03% to hit a new 3-months high, while the S&P 500 index gained 0.15%, and the NASDAQ Composite index gained 0.19%.
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