- The Dow Jones rises 0.66% today, reaching two days in 42,341
- The Nasdaq 100 advances 0.05% daily, driven by Cisco Systems (CSCO).
- The S&P 500 rebounds 0.43% on Thursday, led by Steris (Ste).
- Weekly applications for unemployment were maintained unchanged in 229,000, complying with market expectations.
- The production price index increased by 2.4% annualized in April, being below consensus estimates.
- Michael Barr, a member of the Board of Governors of the FED mentioned in his speech today that commercial policies cloud the perspectives in the short term.
The Dow Jones reacted upwards from May 12 in 41,574, finding buyers who took the index to May 13 in 42,341.
The industrial average Dow Jones opened at 49,915, while in the Nasdaq 100 technological index began operating in 21,325. The S&P 500 started negotiations in 5,878, ending with a rise three consecutive days.
International Business Machines and The Coca-Cola Company take Dow Jones to positive territory
The Dow Jones index advances 0.66% daily, visiting two -day maximums in 42,341.
The actions of International Business Machines (IBM) rebound 3.44%, registering a new historical maximum in 267.43 $, signing its fourth consecutive day upwards.
On the other hand, the titles of The Coca-Cola Company (KO) rise 3.54% in the day, reaching maximum of May 8 in $ 71,73, ending with five consecutive sessions with losses.
In this context, Dow Jones wins 278 points, currently operating over 42,303.
Cisco Systems and Xcel Energy lead the profits at Nasdaq 100
The Nasdaq 100 technological index rises 0.05% daily, reaching maximums of February 24 at 21,444.
The values of Cisco Systems (CSCO) have a gain of 4.94% in the day, reaching maximums not seen since February 18 at $ 65.75 after the publication of their profits.
CSCO obtained income of 14.15 billion dollars compared to 14.05 billion dollars projected by analysts. Similarly, it obtained a gain per share of 0.96 $ compared to 0.917 $ estimated by the market.
In the same tune, the shares of Xcel Energy (Xel) rebound 3.21% today, reaching maximum of May 8 in $ 71,02, signing its third consecutive day on the rise.
The Nasdaq 100 advances 10 points, oscillating within the operational range of the previous session at 21,322.
The S&P 500 extends its winning path after first -level US data.
According to information from the Labor Department, the weekly applications for unemployment subsidy did not present changes at 229,000 in the week that ended on May 10, in line with market estimates.
The US Labor Statistics Office announced that the production price rate increased by 2.4% annualized in April, below the estimated 2.5% and the increase recorded in March of 2.7%.
Steris titles (Ste) earn 8.52% today, visiting maximums not seen since August 2, 2023 in 248.68 $, leading profits in the share index.
The member of the Board of Governors of the Federal Reserve, Michael Barr, indicated that high tariffs expose US companies to significant risks, reviving inflation if supply chains are destabilized.
Technical Analysis of Dow Jones
The Dow Jones formed a short -term support given by the minimum of April 30 at 39,731. The following key support is 36.614, minimum of April 7. To the north, 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.
