Wall Street: risk on with earnings, benchmarks 1% higher around 50-D SMA

Ross J Burland FXStreet

Markets are risk-on and the Dow Jones Industrial Average has just rocketed through a key watched level for the first time in more than a month.

The DJIA has climbed by 1.3% to 24,664 and through the 50-day MA located at 24,623 currently.

Similarly, the S&P 500 is up by 1.1% on Monday so far closing on its 50-day MA as well. The Nasdaq Composite Index is up by 1% just below its 50-day MA as optimism over the first-quarter earnings season lifts the benchmarks at the start of the week where investors have looked through the geopolitical concerns.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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