(VIANEWS) – HANG SENG INDEX (HSI) is currently on bullish momentum. At 23:08 EST on Tuesday, 3 August, HANG SENG INDEX (HSI) is at 26,550.96, 4.95% up since the last session’s close.
HANG SENG INDEX Range
Concerning HANG SENG INDEX’s daily highs and lows, it’s 7.28% up from its trailing 7 days low of $24,748.80 and 0.82% up from its trailing 7 days high of $26,335.40.
About HANG SENG INDEX’s yearly highs and lows, it’s 14.82% up from its 52-week low and 14.86% down from its 52-week high.
HANG SENG INDEX’s last week, last month’s, and last quarter’s current volatility was a negative 2.16%, a negative 0.66%, and a positive 0.92%, respectively.
HANG SENG INDEX’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.93% (last week), 1.37% (last month), and 0.92% (last quarter), respectively.
News about S&P 500
According to CNBC on Sunday, 1 August, "The S&P 500 and Dow are less than 1% from their all-time highs while the tech-heavy Nasdaq is 1% away."
According to Business Insider on Sunday, 1 August, "The Dow sank 149.06 points or 0.42 percent to finish at 34,935.47, while the NASDAQ dropped 105.59 points or 0.71 percent to end at 14,672.68 and the S&P 500 fell 23.89 points or 0.54 percent to close at 4,395.26."
According to Business Insider on Sunday, 1 August, "49% of S&P 500 members have experienced a drawdown greater than 10% since May 1, while the index has not corrected more than 4%," Morgan Stanley Chief US Equities Strategist and Chief Investment Officer Michael Wilson wrote in a recent note to clients. ", "The average stock in the portfolio has risen 35.9% over its history compared to, again, an average of 14.6% for S&P 500 components. "
According to DailyForex on Sunday, 1 August, "The S&P 500 was very noisy during the course of the month on July, and I suspect that August probably will not be any better. ", "With that in mind, the S&P 500 becomes the same play that it has been over the last 13 years: you simply buy dips as the Federal Reserve will continue to flood the markets with liquidity and, by extension, save Wall Street. "
According to Business Insider on Sunday, 1 August, "Looking forward, 19 S&P 500 companies have issued negative earnings guidance for the third quarter, while 29 companies have issued positive earnings guidance.", "With more than half of the S&P 500 having already reported second quarter earnings, year-over-year profit growth stands at 85%, well ahead of analyst estimates for earnings growth of 63%. "
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