The stock market exploded higher Thursday as investors cheered President Bush's mortgage plan that could help bail out many subprime borrowers. The Dow finished up 174 points and the Nasdaq closed up 42 points. The team at CNBC's "Fast Money" reviewed critical levels in the market as well as the tech stocks and the global outlook.
Pete Najarian explained that everything was working Thursday from the agriculture sector, financials, metals, energy and technology. The question now for Najarian is will this broad based rally continue? Jeff Macke thinks that now is the time to buy stocks after the S&P 500 broke key resistance at 1490. Macke explained that 1490 is now support and the market can trade higher as long as it stays above that ever important level.
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
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UP
29.55
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UP
7.70
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UP
21.79
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UP
0.06
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10 Yr
3.55%
SPDR Gold
110.24
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+0.28%
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+0.70%
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+0.99%
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+0.17%
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