North American equities rise for the third day but gains were modest

Closing changes in North America

  • DJIA up 0.1%
  • SPX up 0.2% (9 points to 4367)
  • Nasdaq +0.3%
  • Toronto TSX Composite -0.1%

I would have expected to see some selling given the strength of the rally in the past two days, particularly when Treasury yields turned lower. Instead, the dip buyers stepped up and won the day. Overall, today doesn’t change the technical picture.

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