- The Dow Jones advances 0.64% today, reaching maximums of May 21 in 42,345.
- The Nasdaq 100 rises 0.81% in the day, led by Applovin Corporation (app).
- The S&P 500 rises 0.71% daily, supported by Hologic (Holx).
- The requests for durable goods in the United States decrease 6.3% in April, improving market expectations.
- The Conference Board Conference Conference Index rises to 98.0 points in May, above the projections of analysts.
- FOMC minutes will focus the attention of investors tomorrow.
The Dow Jones established a minimum of the day in 41,883, attracting aggressive buyers who took the index to May 21 in 42,345.
The Dow Jones industrial average opened in 41,977, while the Nasdaq 100 technological index began operating at 21,199. The S&P 500 began negotiations in 5,865, signing its second consecutive day up.
Nike and Nvidia Corporation lead the profits in Dow Jones
The Dow Jones index rebounds 0.64% on Tuesday, currently quoting at 42,341.
Nike titles (NKE) have a gain of 3.95% on the second day of the week, reaching May 20 at 62.55 $.
In the same tune, the shares of Nvidia (NVDA) regret 3.14% daily, reaching maximum of May 21 at $ 135.66.
In this context, Dow Jones uploads 268 points, reaching maximums of May 21 in 42,345, signing two consecutive upward sessions.
The Nasdaq 100 remains on a positive terrain driven by Applovin Corporation and Tesla
The Nasdaq 100 technological index wins 0.81% in the day, operating at the time of writing about 21,405.
APPLOVIN CORPORATION (APP) shares regret 7.51% on the second day of the week, signing two consecutive sessions with profits and reaching maximums not seen since February 25 at 384.36 $.
On the other hand, the shares of Tesla (TSLA) shoot at 6.84% today, reaching maximums not seen since February 19 in 363.00.
In this context, the Nasdaq 100 goes up 171 points, reaching maximums of almost a week at 21,429.
The S&P 500 closes upwards after positive economic data from the United States
According to the US Census Office, orders for durable goods decreased by 6.3% in April. This figure has an improvement compared to the planned contraction of 7.9% of analysts.
Similarly, the Conference Board Conference Conference Index increased to 98.0 points in May, exceeding 86.0 points observed in April.
The attention of the investors will be in the publication of the minutes of the Federal Open Market Committee of the Federal Reserve (FOMC) to be published tomorrow.
In this context, the S&P 500 advances 41 points, winning 0.71% today, spinning two consecutive upward sessions, concluding Tuesday’s day in 5,918. L
The values ​​of Hologic Inc. (Holx) lead the profits in the stock index after making known an acquisition offer by TPG Inc. and Blackstone (BX), which has been rejected by Holx.
Technical Analysis of Dow Jones
The Dow Jones reacted upwards from a short -term support given by the minimum of May 23 in 41,175. The next closest support is observed in 40,747, minimum of May 6 in convergence with the 50% fibonacci setback. To the north, the key resistance is located at 45,068, a pivot point of January 31.
Dow Jones daily graphics
S&P 500 FAQS
The S&P 500 is a very often stock index that measures the yield of 500 public companies and is considered a wide measure of the US stock market. The influence of each company on the calculation of the index is weighted based on stock capitalization. This is calculated by multiplying the number of bought shares of the company for the price of the action. The S&P 500 index has achieved impressive yields: 1.00 $ invested in 1970 would have produced a yield of almost $ 192.00 in 2022. The average annual profitability since its creation in 1957 has been 11.9%.
Companies are selected by committee, unlike other indices included in established standards. Even so, they must fulfill certain eligibility criteria, the most important of which is stock market, which must be equal to or greater than 12.7 billion dollars. Other criteria are liquidity, domicile, stock capitalization, sector, financial viability, quotation time and representation of the sectors of the United States economy. The nine largest companies in the index represent 27.8% of the stock market capitalization.
There are several ways to operate with the S&P 500. Most of the Stred Betting retail runners and platforms allow operators to use contracts per difference (CFD) to make bets on the price direction. In addition, indexed funds, investment funds and quoted funds (ETF) that follow the price of the S&P 500 can be purchased. The most ETF liquid is the ETF of the London Stock Exchange. The most ETF liquid is the State Street Corporation Spy. The Chicago Mercantile Exchange (CME) offers futures contracts on the index and the Chicago Board of Options (CMOE) offers options, as well as ETF, ETF Inverse and ETF leverage.
There are many factors that promote S&P 500, but mainly it is the aggregate performance of the companies that compose it, revealed in their reports of quarterly and annual results. American and world macroeconomic data also contribute, since they influence investors’ confidence, which is positive drives profits. The level of interest rates, set by the Federal Reserve (FED), also influences the S&P 500, since it affects the cost of credit, which is largely depending on many companies. Therefore, inflation can be a determining factor, as well as other parameters that influence the decisions of the Federal Reserve.
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.
