Stock Market Update
02-May-25 10:35 ET
S&P 500 approaching 200-day moving average
Dow +446.73
at 41198.83,
Nasdaq +233.42
at 17944.16,
S&P +71.89
at 5676.03
[BRIEFING.COM] The major equity indices moved up in recent trading. The S&P 500 is approaching its 200-day moving average (5,745) after closing above its 50-day moving average yesterday.
All 11 S&P 500 sectors are higher led by communication services (+2.1%) and industrials (+1.9%). The consumer discretionary sector shows the slimmest gain, up 0.5%.
Also, the CBOE Volatility Index (VIX), referred to as the "fear gauge," is down 2.02 (8.2%) to 22.58, reflecting a risk-on vibe in the market.
