After the US stock market reached the weekly MA20, it rebounded across the board last night, especially the Dow Jones and S&P, overshadowing the Nasdaq from the night before. The difference among these three major indices is: the Nasdaq represents technology innovation stocks, the Dow Jones represents traditional industry giants, while the S&P encompasses various sectors representing the overall US stock market; the simultaneous rebound of the three major indices indicates favourable information in the short term. If next Tuesday tests this week's low point, a short-term rebound will be a high probability event.
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After the US stock market reached the weekly MA20, it rebounded across the board last night, especially the Dow Jones and S&P, overshadowing the Nasdaq from the night before. The difference among these three major indices is: the Nasdaq represents technology innovation stocks, the Dow Jones represents traditional industry giants, while the S&P encompasses various sectors representing the overall US stock market; the simultaneous rebound of the three major indices indicates favourable information in the short term. If next Tuesday tests this week's low point, a short-term rebound will be a high probability event.