- The Dow Jones rebounds 2.86% daily, reaching maximums of March 27 in 42,410.
- The Nasdaq 100 rises 4.05% daily, driven by The Trade Desk (TTD).
- The S&P 500 wins 3.30% today, reaching maximums not seen since March 5 in 5,844.
- Scott Besent, Secretary of the United States Treasury, announced a commercial agreement between China and the US, promoting the main stock market indices.
- The attention of investors will be in the United States consumer price index, to be published tomorrow.
The Dow Jones established a minimum of the day in 41,664, finding aggressive buyers that promoted the index to a maximum not seen from March 27 in 42,410.
The industrial average Dow Jones opened in 41,695, while the Nasdaq 100 technological index began operating in 20,148. The S&P 500 opened in 5,707, taking up the upward trend in tune with the main stock market indices.
Amazon and Nike drives Dow Jones to maximums of more than a month
The Dow Jones index wins 2.86% daily, operating when writing about 42,326.
Nike’s titles (NKE) shoot 7.34% in the first day of the week, exceeding April 3 at 63.47 $.
On the other hand, Amazon (AMZN) shares rebound 8.07% in the day, reaching maximum of March 3 in $ 211.66, spinning four consecutive days upward.
In this scenario, the Dow Jones wins 1,177 points, visiting maximums of March 27 in 42,410.
The Nasdaq 100 reaches maximums of more than two months driven by The Trade desk
The Nasdaq 100 technological index advances 4.05% on the first day of the week, reaching maximums of March 3 in 20,906.
The values ​​of The Trade Desk (TTD) rebound 11.98% today, reaching maximums not seen since February 18 at $ 79.89, spinning seven consecutive days upward.
In the same tonic, the shares of Old Dominion Freight Line (ODFL) earn 11.24% today, visiting March 11 in 176.85 $.
The Nasdaq 100 goes up 812 points in the day, currently quoting at 20,862.
The S&P 500 closes on a positive field promoted by the commercial agreement between the US and China
The Secretary of the United States Treasury, Scott Besent, announced an agreement to reduce tariffs between China and the US for 90 days.
The agreement consists in cutting commercial rates from 145% to 30% in the case of the United States, while China will adjust them down from 125% to 10%.
After this news, the S&P 500 wins 186 points in the day, up 330%, visiting maximums not seen since March 5 in 5,844. NRG Energy (NRG) shares shoot 26.21%, registering a new historical maximum in $ 150.81, leading profits in the stock market index.
The US economic agenda will have the focus on the April consumer price index, which is expected to increase by 0.3%, compared to the 0.1% decrease observed the previous month.
Technical Analysis of Dow Jones
The Dow Jones established a short -term support given by the minimum of April 21 in 37,853. The following key support is observed in 36,614, minimum of April 7. Upwards, the closest resistance is located at 42,820, pivot point of March 26.
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.
