Friend, Tech Stocks Power Wall Street Higher | Tradinggods.net

[TradingGods.net Logo] ****Advertisement***** [Avoid the Critical Mistakes in this Business of Trading]( Be a student of the markets and focus on mastering the basics of trading for profit while managing risk. Most amateurs take unlimited risks for limited gains, this is not a good business strategy. Instead, learn from the mistakes that you make in the market and be persistent. [Check out this webinar and learn how to reduce these critical errors.]( *****Advertisement***** Dear Trading God Friend, Technology stocks the biggest gainers on Friday; S&P 500 snaps six-day skid. U.S. stocks traded higher on Friday, as tech shares helped the major indexes overcome their biggest two-day rout since February. The large-cap S&P 500 Index (NYSEARCA:SPY) rose 1.4% to 2,767.13. on the strength of information technology and communication services. Each sector rose at least 2.1%. A strong performance in tech powered the Nasdaq Composite Index (NYSEARCA:QQQ) sharply higher. The index closed up 2.3% at 7,496.89. Meanwhile, the Dow Jones Industrial Average (NYSEARCA:DIA) climbed 287.16 points, or 1.2%, to 25,339.99. A measure of implied volatility known as the CBOE VIX (NYSEARCA:VXX) declined sharply on Friday following massive gains over the previous two sessions. The so-called “fear index” fell 14.6% to 21.33, where it finds itself above the historic mean. On the commodities front, gold prices lost some of their luster on Friday but continued to trade near recent highs. Comex gold for December settlement fell $5.00, or 0.4%, to $1,222.60 a troy ounce in New York. In economic data, the University of Michigan’s consumer confidence gauge declined in October after surging higher than expected the month before. The consumer sentiment index weakened to a still strong 99.0 after hitting 100.1 in September. Analysts in a median estimate had called for a slight gain to 100.4. The Final Word: Although the worst of the selloff may be over, stock markets are likely to experience greater volatility moving forward as rising bond yields undermine investor sentiment. Yields look poised to continue rising amid a strong economy and a rising federal funds rate. *****Advertisement***** [9 Stocks To Hold Forever]( Individual stock selection is more critical than ever. New FREE report reveals some of the very best stocks to own today. One of the names has the potential to be the most valuable stock in the history of investing. Get on board before it's too late! [Download your copy today.]( *****Advertisement***** [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html