US stocks rebounded weakly after falling yesterday

Major US indices moderately rebounded after yesterday’s crash in which the Dow lost more than 800 points and the NASDAQ more than 500 points. The NASDAQ closed yesterday more than 23% from its all -time high (as did Russell 2000).

If you look at the NASDAQ index’s daily chart, it closed below its 38.2% uptrend from the post pandemic low in March 2020. That level enters at 12552.36. The price is trading above that level at the moment. The March 5, 2020 low of 12397.05 is the next downside target to reach and reach. Yesterday’s low price stopped between those levels at 12490. Moving below the area will open the door for further selling from a technical standpoint.

Right now buyers are leaning in place and rebounding on the upside.

A snapshot of the major equity indices five minutes into tomorrow currently shows:

• The Dow industrial average rose 121.31 points or 0.36% to 33361.50
• The S&P index rose 19.56 points or 0.475% to 4194.77
• NASDAQ

  NASDAQ
  

  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It only follows the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and option exchanges. Launched in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it has been known simply as the NASDAQ and has become one of the most influential exchanges in the world. The NASDAQ was the world’s first electronic stock market, and has since assumed most major trades to be executed by the over-the-counter (OTC) trading system. What Makes Up the NASDAQ? In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, it is one of the three most followed stock market indices in the United States. In general, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies with a relatively small level of market capitalization. The listing requirements for small -cap companies are less stringent than other Nasdaq markets that list large companies with significantly higher market capitalization. Moreover, the Global Market consists of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet financial and exchange liquidity requirements, and corporate governance standards. Finally, the Global Select Market is a market capitalization-weighted index consisting of 1,200 US-based and international stocks representing the Global Select Market Composite.
  

  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It only follows the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and option exchanges. Launched in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it has been known simply as the NASDAQ and has become one of the most influential exchanges in the world. The NASDAQ was the world’s first electronic stock market, and has since assumed most major trades to be executed by the over-the-counter (OTC) trading system. What Makes Up the NASDAQ? In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, it is one of the three most followed stock market indices in the United States. In general, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies with a relatively small level of market capitalization. The listing requirements for small -cap companies are less stringent than other Nasdaq markets that list large companies with significantly higher market capitalization. Moreover, the Global Market consists of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet financial and exchange liquidity requirements, and corporate governance standards. Finally, the Global Select Market is a market capitalization-weighted index consisting of 1,200 US-based and international stocks representing the Global Select Market Composite.
  Read this Term index up 95.86 points or 0.77% to 12586.61

• Russell 2000 rose 4.875 points or 0.26% to 1895.35