Market Outlook – Tech Sets Record High

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U.S. markets showed strength from the start of Thursday’s open with Wall Street looking for more clarity, and the passage of the tax bill by the House. The bill still needs approval by the Senate but the news was clearly a relief as the Nasdaq surged to an all-time peak north of 6,800. The Dow and S&P 500 snapped 2-session slides and are back within a stone’s throw of record highs after advancing 0.8%.

The Russell 2000 had the biggest snap back after rallying 1.6% to clear a strong up-trending 50-day moving average.

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