S&P 500, Nasdaq Beat 50-Day Average: Risk Back On?

By Bill Bullington

ᐧ

5/7, 03:39 EDT

S&P 500 and Nasdaq 100 surpass 50-day moving averages, signaling a return to risk-on mode post-April volatility, driven by tech and growth momentum.
Despite the positive movement, new highs for stocks are still out of reach, leading to uncertainty and a lack of clear direction in the market.