Against the backdrop of a Middle East war, the markets carried on yesterday with the major indexes up slightly. Investors continue to evaluate the ramifications of the war vis-à-vis their portfolio holdings.
In Tuesday trading, there were 80 new 52-week highs on the NYSE and 74 on the Nasdaq. As for new 52-week lows, the NYSE had 52, while the Nasdaq had 156. Those numbers should remain relatively subdued until investors are more confident of the direction of stocks in the short- and intermediate-term.
