NEW YORK (TheStreet) -- U.S. stock markets rallied into the close Thursday, absent of any negative geopolitical headlines, and as economic prospects continued to look brighter and brighter for many investors.
The S&P 500 (SPY) rose 0.43% to 1,955.18. The Dow Jones Industrial Average (DIA) increased 0.37% to 16,713.58. The Nasdaq (QQQ) advanced 0.43% to 4,453. The tech sector finished in the green despite the heavily-weighted fallout from Cisco's (CSCO) downsizing plans.
After a strong run-up for four sessions, the S&P 500 looks like it could bump against the short-term support/resistance area of 1,950, according to Schaeffer's Investment Research's senior equity analyst Joe Bell. But the analyst said weekly and daily charts are not signaling any overbought conditions.
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