This post was originally published on this site.The broader US stock indices are moving higher today after both the Nasdaq Composite and Nasdaq 100 approached their key 200-day moving averages yesterday. Buyers leaned against those technical barometers and stalled the declines. Today, they are getting a bounce. For the Nasdaq Composite, yesterday’s low reached 25,145.95, just above its rising 200-day moving average near 25,073. The Nasdaq 100 came even closer. Its low of 27,967.44 was only about 15 points above its 200-day moving average, currently at 27,952.83. Today, the Nasdaq Composite is up 191 points, or 0.76%, while the Nasdaq...

This post was originally published on this site. Prior factory orders +0.1% Factory orders excluding transportation +0.5% vs +0.3% prior Durable goods orders revisions +1.9% vs +1.8% prelim Durable goods excluding transportation revisions +0.5% vs +0.5% prelim Durable goods excluding defense +2.3% vs +2.2% prelim Nondefense capital goods orders excluding aircraft +0.6% vs +0.5% prelim This is a decent report and shows some momentum in factories but it’s overshadowed by a jump in the JOLTS number released at the same time. US yields are moving higher in the aftermath of both and USD/JPY is at the highs of the day...