Stock Market Update
24-Mar-25 10:35 ET
Risk-on bias takes many stocks higher
Dow +506.70
at 42492.05,
Nasdaq +338.20
at 18122.26,
S&P +85.80
at 5753.36
[BRIEFING.COM] The major indices trade near session highs, which has the S&P 500 (+1.5%) above its 200-day moving average (5,752) for the first time in two weeks.
Just about everything is participating in upside moves. The equal-weighted S&P 500 sports a 1.4% gain and market breadth is positive. Advancers lead decliners by a 4-to-1 margin at the NYSE and by a 7-to-2 margin at the Nasdaq.
The risk-on vibe has participants unwinding some hedges against further downside action. The CBOE Volatility Index (VIX) is down 0.74, or 3.8%, to 18.53.
