NYSE FANG Bullish Momentum With A 30% Jump In The Last 21 Sessions

(VIANEWS) – NYSE FANG (NYFANG) has been up by 30.65% for the last 21 sessions. At 10:08 EST on Wednesday, 10 May, NYSE FANG (NYFANG) is $6,334.67.

About NYSE FANG’s yearly highs and lows, it’s 1.34% up from its 52-week low and 0.49% down from its 52-week high.

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  • According to DailyForex on Monday, 8 May, "But in 2023, the S&P 500 seems to have shed the previous years’ bearishness with the ease of putting away a raincoat after a rainfall.", "I entered my first long trade on the S&P 500 since 2020’s bearishness when the price level bounced precisely off a 50% retracement level from the low in March 2020 to the all-time high in January 2022."
  • According to DailyForex on Monday, 8 May, "The stock market is also celebrating the fact that Apple had a decent earnings report overnight, which is 7% of the S&P 500 weighting.", "At the end of the day, the S&P 500 has shown resilience despite the strong employment figures in America, indicating that Wall Street is more focused on the possibility of avoiding a recession than the Federal Reserve staying tight for longer. "
  • According to FXStreet on Monday, 8 May, "Against this backdrop, S&P 500 Futures print mild losses while the US Treasury bond yields also remain pressured, which in turn allows the US Dollar to lick its wounds."
  • According to FXStreet on Monday, 8 May, "That said, the S&P 500 Futures print mild losses near 4,147 after posting a stellar run-up on Friday whereas the US 10-year Treasury bond yields dropped 1.5 basis points (bps) to 3.43%, pressured for the third consecutive week."
  • According to Zacks on Monday, 8 May, "Not only are the Dow and S&P 500 up slightly at this hour, following Friday’s big step higher, but previously beleaguered regional banks such as PacWest (PACW Quick QuotePACW – Free Report) , Western Alliance (WAL Quick QuoteWAL – Free Report) and Zions Bancorp (ZION Quick QuoteZION – Free Report) are up +33%, +12% and +7% in pre-market activity thus far. "

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