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The Italian invasion of U.S. markets only lasted for one day, as stocks recouped nearly all the ground that was lost yesterday.
The S&P climbed 1.27% to 2724 and the NASDAQ advanced 0.89% to 7462.5. Both indices made up for Tuesday’s selloff. The Dow jumped 1.26% (or approximately 306 points) to 24667.8, which almost cancelled out the other day’s loss of around 390 points.
The only index breaking new ground, though, is the Russell 2000, as small caps continue to flex their muscles. It gained 1.5% on Wednesday to a new record of 1648.
“Things calmed down considerably today, with a rubber band session clawing back yesterday’s loss. All the while, the small caps are breaking out to new all-time highs. Keep going with the flow on that one and you’ll have a profitable summer,”said Dave Bartosiak, editor of Momentum Trader, Surprise Traderand Blockchain Innovators.
There were a couple big winners in the portfolios today. Healthcare Innovatorscashed in a triple digit winner, while Home Run Investorbanked a double-digit profit. The latter portfolio also added today, as did the Momentum Trader.Read all about today’s action in the highlights section below: