dec 13  welcome to the home for realtime coverage of markets brought to you by reuters reporters you can share your thoughts with us at marketsresearchthomsonreuterscom wall street hits the slopes after hint of a lift 0958 est1458 gmt after stock futures hinted at a pale green start to the week wall street defied those expectations on monday by heading lower after the opening bell the three major us stock indexes appeared to be cooling their heels after sp 500 hit a record closing high on friday and notched its best biggest weekly percentage gain since february tesla inc tslao microsoft corp msfto and amazoncom amzno weighed heaviest with apple inc aaplo bucking megacap techplus trend following a target price hike from jpmorgan the gadget maker hit an new intraday high and is on the brink of becoming the only company in the world to have crossed the 3 trillion market value mark the federal reserve is expected to convene tomorrow for its twoday meeting and its concluding statement and qa will be scrutinized for clues as to the extent to which the central bank will shorten the timeline of expected tightening of its accommodative monetary policy read more powell  company will most certainly be talking about inflation which continues to sizzle as evidences by fridays hot cpi reading which showed the highest annual headline increase in nearly four decades read more despite less than stellar breadth readings on friday along with the sp 500s spx fresh recordhigh close read more  the nasdaq new highnew low nhnl index has made a constructive turn this measure of internal strength may have become sufficiently washed out with the nasdaqs ixic recent weakness after falling to 125 on december 6 read more  which was its lowest reading since earlyapril 2020 the nhnl index has now risen fourstraight days in so doing this measure ended friday at 211 which put it above its descending 10day moving average at 195 for the first time since november 12 read more it now remains to be seen if last weeks sharp nhnl index upturn from especially depressed levels will lead to the broader nasdaq reheating and therefore fuel a more sustained ixic rise indeed there certainly is room for the nhnl index to rise before it will encounter resistance lines from its highs earlier this year the measures early november peak was at 757 of note current readings on the nyse show a similar picture as the nasdaq after also falling to its lowest level since earlyapril 2020 the nyses measure also ended friday above its 10dma a nasdaq nhnl index violation of its dec 6 low can open the door for a test of its march 2020 trough at 12 something which could put the ixic on ice for mondays live markets posts prior to 0900 est1400 gmt  click here read more terence gabriel is a reuters market analyst the views expressed are his own