- The Dow Jones marginally advances 0.02%, remaining within Friday’s operational range at 44,335.
- The Nasdaq 100 wins 0.55% daily, reaching a new historical maximum in 23,263.
- The S&P 500 rebounds 0.20% today, driven by The Hershey Company (HSY).
- The economic agenda considers tomorrow, the speech of the president of the Federal Reserve, Jerome Powell.
The Dow Jones marked a daily minimum in 44,311, finding buyers who promoted the index to a maximum of the day in 44,596.
The Dow Jones industrial average began operating at 44,335, while the Nasdaq 100 technological index began negotiations in 23,099. The S&P 500 opened in 6,302, establishing a new historical maximum in 6,333.
The Dow Jones operates without significant changes in the first day of the week
The Dow Jones index rises 0.02% daily, establishing a maximum of the day in 44,596.
Nike (NKE) titles rebound 2.14%, reaching maximum of July 10 at $ 74.81. Following the bullish perspective, Amazon (AMZN) shares rise 1.40% in the day, visiting maximums not seen since February 14 at 229.69 $, spinning three consecutive days upwards.
The Dow Jones wins 9 points, oscillating within the operational range of the previous session at 44,335.
The Nasdaq 100 brand new historical maximums supported by Arm Holdings and Ross Stores
The Nasdaq 100 technological index advances 0.55% on Monday, registering a new historical maximum in 23,263.
Arm Holdings (ARM) values rise 3.30% in the day, reaching maximum of June 30 in $ 164.58. In the same tonic, the titles of Ross Stores (ROST) earn 3.14% daily, reaching maximum of July 2 at $ 134.56.
The Nasdaq 100 rebounds 125 points, establishing a new historical maximum in 23,263.
The S&P 500 records new historical maximums on the first day of the week
Verizon Communications (VZ) titles advance 4.04% daily, reaching maximum of July 8 in 43.08 $.
VZ published its quarterly report, where it obtained income for 34.5 billion dollars compared to 33.74 billion dollars, as well as an action of $ 1.22, exceeding $ 1,187 provided by analysts.
The values of The Hershey Company (HSY) rebound 3.19% today, reaching maximums not seen since March 11 in 181.28 $, spinning four consecutive sessions with profits.
The focus of the operators will be both in the speech of Michelle Bowman, a member of the Board of Governors of the Fed, as in the statements of Jerome Powell, president of the Federal Reserve, to be held tomorrow.
In this scenario, the S&P 500 wins 125 points, registering a new historical maximum in 6,333.
Technical Analysis of Dow Jones
The Dow Jones reacted upwards from a support in 41,760, minimum of June 19, in convergence with the recoil at 61.8% of Fibonacci. The following important support is 40,747, a pivot point of May 6. To the north, the next resistance is 44,877, historical maximum reached on July 3.
Dow Jones daily graphics
Dow Jones – Frequently Questions
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.
