On March 14, the Nasdaq closed below the February swing low at 12587.88 and reached a new low for 2022 at 12555.35. Since then, the price has moved up 12.41%. The S&P index is up 8.35% over that time.
The moves to the upside comes amidst a rise in 10 year yields from 2.02% to 2.39% currently or 37%.
The final numbers today are showing:
- Dow industrial average rose 254.45 points or 0.74% at 34807.45
- S&P index rose 50.43 points or 1.13% at 4511.60
- NASDAQ index rose 270.37 points or 1.95% at 14108.83
- Russell 2000 rose 22.40 points or 1.08% at 2088.34.
Please strong day across the board for the major indices with gains of greater than 1% to near 2%.