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S&P 500 breaks 5000; Sprout Social, Kinsale, Manhattan Associates In Focus

S&P 500 breaks 5000; Sprout Social, Kinsale, Manhattan Associates In Focus

FromStock Market Today With IBD


S&P 500 breaks 5000; Sprout Social, Kinsale, Manhattan Associates In Focus

FromStock Market Today With IBD

ratings:
Length:
21 minutes
Released:
Feb 9, 2024
Format:
Podcast episode

Description

Breadth continued to improve as indexes started bursting through important levels. The S&P 500 made it above 5,000 while the Nasdaq composite hopped above 16,000 for a moment. Meanwhile, the small-cap Russell 2000 finally got itself back above 2,000. was positive on both exchanges by less than 2-to-1 as the S&P 500 made another effort to move through the 5,000 level. While most stocks are extended, a new crop has recently been setting up. Sprout Social broke a downtrend in a cup-with-handle today while over in insurance, Kinsale Capital finished above a cup-with-handle buy point. Meanwhile, a big earnings gap in Manhattan Associates has tightened up and is worth watching for another potential move.
Released:
Feb 9, 2024
Format:
Podcast episode

Titles in the series (100)

A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.