- The Dow Jones loses 0.27% daily, concluding the session over 42,321.
- The Nasdaq 100 falls 0.79% today, dragged by Tesla (TSLA).
- The S&P 500 goes back 0.53% on Tuesday, weighed by Brown form Inc. (BF.B).
- Weekly unemployment subsidy requests increase to 247,000, above the projections of analysts.
- The president of the United States, Donald Trump, declared that he asked Elon Musk to withdraw from the government, confirming a break between them.
The Dow Jones established a maximum of the day in 42,641, finding vendors that took the index to minimum of two days in 42,207, extending the losses observed yesterday.
The Dow Jones industrial average began negotiations 42,420, while the Nasdaq 100 technological index opened at 21,699. The S&P 500 began operating in 5,964, going back to minimum of June 3.
Procter & Gamble and UnitedHealth drags Dow Jones to negative field
The Dow Jones index falls 0.27% in the day, visiting minimums of two days in 42,207.
The values ​​of Unitedhealth (UNH) have a loss of 1.51%, reaching minimums not seen since May 28 at 294.11 $, signing its third consecutive day down.
In the same tune, the actions of Procter & Gamble (PG) go back 1.90% visiting minimums of May 16 in 162.51, spinning four consecutive sessions with losses.
In this sense, Dow Jones falls 115 points on Thursday, which one reaching minimum of June 3 in 42,207.
Tesla’s actions lead the losses in Nasdaq 100
The Nasdaq 100 technological index slides 0.79% daily, falling from maximum on February 24 in 21,889 until reaching minimum of June 3 in 21,473.
Tesla’s titles (TSLA) collapse 14.26% on Thursday, in the midst of a direct conflict between Donald Trump and Elon Musk. TSLA signs its second consecutive day with losses, reaching minimums not seen since May 7 at 273.21 $.
On the other hand, Palantir Technologies (PLT) loses 7.77% in the day, reaching May 12 at $ 118.93, spinning two consecutive sessions down.
The Nasdaq 100 falls 170 points, quoting when writing about 21,548, ending with three consecutive days with profits.
The S&P 500 loses traction dragged by Brown form
According to information submitted by the United States Department of Labor, weekly unemployment subsidy applications increased to 247,000 in the week that concluded on May 31, compared to the 235,000 estimated by the market. This figure is above 239.00 observed the previous week.
Brown’s shares form (BF.B) collapse 17.92% on Thursday, reaching minimums not seen since October 10, 2013 at 27.03 $.
BF.B filed a disappointing quarterly report, obtaining 894 million dollars compared to 964.66 million, as well as a 0.31 action award compared to the 0.344 provided by the consensus.
In this scenario, the S&P 500 loses 0.54% in the day visiting minimums of 2 sessions in 5,920, ending with a streak of three consecutive days with profits.
Technical Analysis of Dow Jones
The Dow Jones established a short -term support given by the minimum of May 23 in 41,175. The following key support is observed in 40,747, minimum of May 6 in convergence with the 50% fibonacci setback. To the north, the key resistance is observed at 45,068, pivot point of January 31, 2025.
Dow Jones daily graphics
Dow Jones Faqs
The Dow Jones Industrial Avenge, one of the oldest stock market indexes in the world, consists of the 30 most negotiated values ​​in the United States. The index is weighted by the price instead of capitalization. It is calculated by adding the prices of the values ​​that compose it and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, also founder of the Wall Street Journal. In recent years it has been criticized for not being sufficiently representative, since it only follows 30 companies, unlike broader rates such as S&P 500.
There are many factors that promote the Dow Jones Industrial Average (DJIA) index. The main one is the added performance of the companies that compose it, revealed in the quarterly reports of business benefits. The American and world macroeconomic data also contribute, since they influence investor confidence. The level of interest rates, set by the Federal Reserve (FED), also influences the DJia, since it affects the cost of credit, on which many companies depend largely. Therefore, inflation can be a determining factor, as well as other parameters that influence the decisions of the Federal Reserve.
Dow’s theory is a method to identify the main trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Avenge (DJIA) and the Dow Jones Transportation Average (DJTA) and just follow the trends in which both move in the same direction. The volume is a confirmation criterion. The theory uses elements of maximum and minimum analysis. Dow’s theory raises three phases of the trend: accumulation, when intelligent money begins to buy or sell; Public participation, when the general public joins the trend; and distribution, when intelligent money abandons the trend.
There are several ways to operate with the DJ. One of them is to use ETF that allow investors to negotiate the DJ as a single value, instead of having to buy shares of the 30 companies that compose it. An outstanding example is the SPDR Dow Jones Industrial Avenge ETF (day). Future contracts on the DJ allow the specular operators about the future value of the index and the options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Investment funds allow investors to buy a part of a diversified portfolio of DJ values, which provides exposure to global index.
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.
