Stocks have first winning day of the week amid continued worries about inflation

The stock market shook off a wobbly start and ended broadly higher Thursday, marking its first gain in this holiday-shortened week.

Technology stocks were among the winners as Microsoft erased an early loss.

Trading has been choppy in recent days as investors remain worried about inflation and the interest rate increases the Federal Reserve is using to fight it.

The S&P 500 rose 1.8%. The benchmark index has risen 7.1% since coming to the edge of a bear market two weeks ago

The Dow Jones Industrial Average rose 1.3% and the Nasdaq rose 2.7%. The yield on the 10-year Treasury slipped to 2.91%.

he 50 Day EMA sits right where we are, so that will attract a certain amount of attention in and of itself.

if we were to see a move above the 1.09 level, it could change the overall attitude

but at this point, I think this is a scenario where it’s going to be very difficult to get above there

so therefore looking for signs of exhaustion to sell, perhaps on short-term charts.

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