Dow Hits 50,000! Would US Stocks Gap Higher This Week?
U.S. stocks surged to fresh records, with the Dow Jones Industrial Average closing above 50,000 for the first time. On Friday, the Dow jumped 2.47% to 50,115, the S&P 500 rose 1.97% to 6,932, and the Nasdaq gained 2.18% to 23,031. Some traders argue that a yearβs gains are often made in fewer than 15 sessions, with the rest spent consolidating. As sidelined investors capitulate and trend followers finally turn bullish, the question grows louder.
Does a historic breakout fuel another gap higher?
Did you buy the dip in recent selloff?
Comments