- REUTERS/Shamil Zhumatov
Wednesday was another installation in the continued pattern of low volatility and modest gains.
The S&P 500 has closed higher for five days in a row but has only gained about 0.41% in that time.
The Dow is up 1.35% over that time, and closed above 23,000 for the first time ever on Wednesday. The Nasdaq is the only index to not close higher on each of the past five days but still has posted a modest overall gain of 0.49%.
Traders are betting the modest gains will continue, as short interest in the S&P 500 is at a three-year low.
Here’s the scoreboard:
- Dow: 23,155.30, +157.86, (0.69%) S&P 500: 2,561.27, +1.91, (0.07%) Nasdaq: 6,624.22, +0.56, (0.01%) US 10-year yield: 2.29%, -0.04 WTI crude oil: $51.99, 0.05, 0.10%
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