U.S. Equities: Nasdaq Regains This Historic Milestone, Only Pocket-Sized Caps Lag

From Investor's Business Daily, 3:12 PM ET:

Stocks held gains inwards the slow business office of the session Thursday, only pocket-size caps lagged noticeably.
Indexes gapped upward at the opened upward together with traded nigh session highs amongst virtually an threescore minutes left inwards the session. Volume was lower compared amongst the same fourth dimension on Wednesday.

The Nasdaq led amongst a 0.7% increase. The composite is getting traction equally it finds back upward nigh the 50-day moving average. It is also dorsum higher upward the 8,000 level, where the index spent several days earlier its latest pullback.

Invesco QQQ Trust (QQQ), an ETF that tracks the Nasdaq 100, touched its 50-day moving average 2 days ago, together with its rebound from that job looks stronger today. (For updates on this story together with other marketplace coverage, banking concern tally the Stock Market Today page.)

The S&P 500 climbed 0.5% together with it is less than 1% from a novel high. The Dow Jones industrial average climbed 0.5% also together with is on runway to brand a novel closing high.

But the small-cap Russell 2000 was downward a fraction. Energy stocks weighed the most on pocket-size caps, equally the toll of unsmooth dropped sharply. Oil futures slid 2.4% to $68.66 a barrel. Concerns virtually the global economy took downward unsmooth prices, which had been rallying ahead of Hurricane Florence. The tempest is approaching the Carolinas, although its intensity has diminished.

Semiconductors, which were mauled Wednesday, came dorsum to live on amidst the marketplace leaders. The iShares PHLX Semiconductor ETF (SOXX), which tracks the Philadelphia semiconductor index, jumped 1.4% together with is dorsum to its 50-day moving average....MORE

I don't intend the DJIA is fix to brand a "new closing high". The tape is upward to a greater extent than or less 26,600.
We'll run into if IBD corrects.