US stocks get an additional boost from Bessent comments. Indices approach hourly MAs ...Middle East

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The NASDAQ index moved up to 16333.89.

The 100 hour moving averages at 16398.11. The 50 hour moving averages at 16417.63.

For the S&P, it's 50 hour moving averageis at 5299.82 while its100 hour moving average is at 5302.20. The high price just reached 5297.64. The price is getting closer and closer to those two key moving averages. Getting above them would be a positive technical shift.

This article was written by Greg Michalowski at www.forexlive.com.

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