The Traderszone Network

Published in TZ Latest News 13 July, 2015 by The TZ Newswire Staff

Stocks Stage Big Rally, But Pressure Remains

Stocks staged a relief rally Monday amid progress in Greece’s debt situation. But the market isn’t out of the woods. The Nasdaq jumped 1.5% after gaining the same amount Friday. It’s back above the 5000 level and its 50-day moving average. Strength in biotech and Internet stocks helped the tech-heavy index shine. The S&P 500 rallied 1.1%, closing a hair below its 50-day line and the 2100 mark. Both are potential resistance levels.

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