Home Markets LIVE MARKETS Nasdaq Composite: Liftoff from a launching pad?

LIVE MARKETS Nasdaq Composite: Liftoff from a launching pad?

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  • U.S. equity index futures rise; Nasdaq 100 up >1% with GOOGL pop
  • U.S. Jan ADP Employment: -301k vs +207k estimate
  • Euro STOXX 600 index up ~0.6%
  • Dollar, bitcoin dip; gold ~flat; crude gains
  • U.S. 10-Year Treasury yield rises to ~1.81%

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NASDAQ COMPOSITE: LIFTOFF FROM A LAUNCHING PAD? (0900 EST/1400 GMT)

From its November record high to its January low the Nasdaq Composite (.IXIC) was smashed. read more With this, one measure of internal strength may have reached washed-out levels, and may now be signaling potential for a surprisingly large recovery.

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The Composite collapsed nearly 17% on a closing basis from its November 19 peak to its January 27 low.

Meanwhile, the Nasdaq New High/New Low (NH/NL) index, which had been diverging for…

Click here for full article…www.reuters.com