Nasdaq Closes Above 7,000 | Trading Concepts Daily Actionable Newsletter

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U.S. markets pushed prior resistance and traded to fresh all-time highs to open 2018, and ahead of tomorrow’sFOMC minutes. The Nasdaq led the charge after surging 1.5% to clear the 7,000 level for the second time ever, while closing at an all-time high of 7,006. The S&P 500 jumped 0.8% while ending at a record high of 2,695.

The Russell 2000 rallied 0.9% and came within 9 points of a record high while settling at 1,550. The Dow missed its all-time high by a dozen points after rising 0.4% while clearing and holding prior resistance at 24,800.

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