Wall St ends lower amid Cyber Monday madness

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Go back to Wall St ends lower amid Cyber Monday madness

Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key resistance

November 27, 2023 8:22 AM EST

S&P 500 (SPX) recorded the fourth consecutive weekly close last week, ultimately closing at the highest level since July. It also marks the longest weekly run since June.

The benchmark U.S. stock market index is now testing key resistance near 4560, which is shaped by the trend line that connects the record high and 2023 high.

Similarly, the Dow Jones Industrial Average (DJI) added 1.3% to also hit the downward trend line that connects recent swing highs. On the other hand, the Nasdaq Composite Index (IXIC) rose 0.9% but still managed to secure a weekly close above the key... More