Buy the dip for the win: US equities close at the highs of the day | Forexlive

Closing changes for the main US equity indexes:

• S&P 500 +0.9%
• Nasdaq Comp +0.5%
• DJIA +1.2%
• Russell 2000 flat
• Toronto TSX Comp (closed for holiday)

Apple shares were a drag on the main market indexes early and they fell to flat on the day but buy-the-dip won again, leading to some nice gains for big caps. The inability for small caps to rally is a bit of a concern but that might come when there are better signs that the Fed is done hiking or is ready to cut (without a tough recession).

The Russell 2000 is showing some indecision.