Summary
- US stock benchmarks are once again moving in different directions, with traditional sectors picking up momentum and highly priced tech retreating.
- Record earnings in defensive blue chips bring back the hype for the Dow Jones.
- Exploring technical levels for the Dow Jones, Nasdaq, and S&P 500.
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By Elior Manier
US stock markets are on the rise again after FOMC day, powered by waves of record earnings, a lower US dollar, and still no signs of rate hikes from Jerome Powell’s latest press conference.
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