- The Dow Jones index is trading at session highs in contrast to the Nasdaq 100, which operates without significant changes around 18,085 points.
- The S&P 500 shows a slight increase of 0.049%, standing at 5,190 points.
The Dow Jones has separated itself from the main stock indices such as the S&P 500 and the Nasdaq 100 by registering highs of the day at the close of today's American session. The speech of the members of the board of governors of the FED continues to focus on inflation and the strength of the labor market as a condition for a rate cut.
Technical levels in the Dow Jones
We observe a short-term support area at 38,830, given by the retracement to the 78.6% Fibonacci and pivot points. In the medium term, the 37,600 area is key since a resistance was formed in January that subsequently functioned as support to start an upward trend. We find medium-term resistance at 39.420 since it is the maximum of the April 20 session and converges with the 23.6% Fibonacci retracement.
Dow Jones Daily Chart
Dow Jones 15 Minute Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
