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  • S&P 500

    5,250.49
    +2.00 (+0.04%)
     
  • Dow 30

    39,763.77
    +3.69 (+0.01%)
     
  • Nasdaq

    16,372.96
    -26.56 (-0.16%)
     
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    2,128.10
    +13.75 (+0.65%)
     
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Apple rebound pushes indexes higher

U.S. equity indexes yesterday rallied strongly yesterday despite mixed industrial production and housing data.

The powerful move up looked much like a well-timed short squeeze coming off Apple's worst day in months. AAPL closed the day up 5.1 percent to $609.70, making up nearly all of Monday's losses.

The S&P 500 surged 21.21 points, or 1.55 percent, to close at 1390.78. The index was bolstered by gains in the banking and energy sector.

The Nasdaq 100 outperformed yesterday, closing higher by 53.48 points, or 2 percent, at 2723.58. In addition to AAPL, other large-cap tech names such as Amazon.com and Priceline.com helped propel the index higher

The small-cap Russell 2000 foreshadowed yesterday's gains on Monday, when it was the only index of the three to close that session in positive territory. The RUT finished yesterday up 12.55 points, or 1.57, percent at 810.63.

S&P 500
Resistance is now 1392.76 (yesterday's high), followed by 1395 and 1398.
Support is now 1390, followed by 1387.50, 1385, and 1380.
Nasdaq 100
Resistance is now 2731.38 (yesterday's high), followed by 2735 and 2740.
Support is now 2720, followed by 2714.12, 2708.50, and 2700.
Russell 2000
Resistance is now 812, followed by 815 and 816.32 (yesterday's high).
Support is now 807.50, followed by 805 and 802.50.


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