Add as a preferred source on GoogleS&P 500 Closes 13 Points Above Its 20-Week Average on Oct. 23
The index ended at 7,624 as traders watched for an upcoming FOMC meeting and Microsoft earnings the following week.
The S&P 500 closed at 7,624 on Oct. 23, 13 points above its 20-week average of 7,611, a level that may serve as support amid a cautious uptrend.
A weekly close below 7,611 could indicate selling pressure, while holding above the average could renew buying interest. The index remains in a pullback phase.
Trading volume was low, indicating cautious trading. Concerns about inflation and interest rates also lingered. Traders were watching for an upcoming Federal Open Market Committee (FOMC) meeting and Microsoft's earnings report next week.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.