Tech Stocks surge as major indices close higher for second consecutive week

<p>The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week.</p><p>A snapshot of closing levels shows:</p><ul><li>Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving average is at 34266.16</li><li>S&amp;P index up 67.87 points or 1.56% at 4415.23. Its 100-day moving average is at 4402.54</li><li>NASDAQ index up 276.65 points or 2.05% at 13798.10. It's 100-day moving averages at 13618.08.</li></ul><p>For the week, each of the major indices close higher for the 2nd consecutive week:</p><ul><li>Dow Industrial Average rose 0.65% </li><li>S&amp;P index rose 1.31%</li><li>NASDAQ index rose 2.37%</li></ul><p>Big gainers this week included:</p><ul><li>Roblox, 10.06%</li><li>Broadcom, 8.48%</li><li>Lam Research +8.10%</li><li>Uber, 8.02%</li><li>Nvidia, +7.4%</li><li>Snowflake, +7.01%</li><li>Intuit, +6.09%</li><li>Adobe, +5.95%</li></ul><p>Looking at the Dow 30 for the week:</p><ul><li>Apple rose 5.52%</li><li>Microsoft rose 4.78%</li><li>Disney rose 3.75%</li><li>Salesforce rose 2.98%</li><li>JP Morgan rose 2.41%</li></ul><p>Loser in the Dow 30 were:</p><ul><li>Walgreens, -6.11%</li><li>Chevron, -3.15%</li><li>J&amp;J -2.70%</li><li>Merck, -1.89%</li><li>HomeDepot -1.38%</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.