Stock Market Update
26-Feb-25 12:05 ET
Resistance at 50-day moving average
Dow +69.12
at 43690.28,
Nasdaq +214.09
at 19240.48,
S&P +40.22
at 5995.47
[BRIEFING.COM] There has been some backsliding in recent action -- not a lot, but a move that coincides with the S&P 500 finding resistance at its 50-day moving average (6,005).
The pullback hasn't featured a shift into negative territory for most stocks, but rather a paring back of larger gains.
The 50-day moving average, which is a key short-term technical level, seems to be an appropriate place to stall ahead of NVIDIA's (NVDA 132.21, +5.58, +4.4%) market-moving report after the close. In any case, that will be today's battle line from here.
