The Nasdaq surged 1.2% despite opening at its session low of 7,659. The 50-day moving average was in play for a 4th-straight session before the rebound to 7,808 and close just above the 7,800 level.

The Russell 2000 rallied 0.8% after closing at its session high of 1,682. Upper support at 1,660-1,650 held on the opening panic to 1,662 with the close above 1,680 being a slightly bullish signal.

The S&P 500 gained 0.5% despite the backtest to 2,796 while closing at 2,827 and splitting resistance at 2,825-2,830. The index opened right on rock solid support at 2,800 while holding this level for the 13th-straight session and 14 of the past 15.

The Dow dropped for the 3rd time in 4 sessions after sliding 7 points, or 0.03% and trading to an opening low of 25,120. Near-term support at 25,200-25,000 was split before a 240-point turnaround to 25,360.

Technology Consumer Staples soared 1.3% and 1.1%, respectively, to lead sector strength. Consumer Discretionary and Communications Services were higher by 0.7%.

Materials and Energy sank 0.6% to lead sector laggards while Real Estate fell 0.5%.

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