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S&P 500 and Nasdaq end week higher as technical outlook diverges

The S&P 500 rose 0.7% on the day, while the Nasdaq was up about 1.0%, leaving both indexes near weekly highs despite mixed technical signals.

Reported · Written up by our desk · Indices

S&P 500 and Nasdaq both closed higher to wrap up the week, with the S&P 500 gaining 0.70% on the day and the Nasdaq rising roughly 1.00%, according to Forexlive. The move kept both indexes in positive territory for the week and left them finishing near their weekly highs.

For the week, the S&P 500 advanced 1.05% and the Nasdaq climbed 1.59%, but Forexlive said the broader technical picture remains mixed.

Forexlive noted the S&P 500 has shifted to a marginally bullish technical bias, suggesting buyers are starting to regain control. The outlet said the Nasdaq still shows a marginally bearish outlook, and highlighted that key technical levels will determine whether this week's rally can extend or whether sellers reassert control in the week ahead.

Latest closeS&P 500 7,437.63 ▲1.7%|Nasdaq Comp. 25,122.18 ▲2.8%

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