- The Dow Jones wins 0.94% on Thursday, reaching maximums of March 3 in 43424.
- The Nasdaq 100 advances 0.93% in the day, registering a new historical maximum in 22,470.
- The S&P 500 rises 0.76% daily, led by Enfase Energy (ENPH).
- The operators will have the focus on the PCE of the United States, to make themselves known tomorrow.
The Dow Jones established a minimum of the day in 43,037, where aggressive buyers attracted that promoted the maximum index of March 3 in 43,424.
The Dow Jones industrial average began operating at 43,044, while the Nasdaq 100 technological index opened at 22,292. The S&P 500 started the day in 6,103, taking up the short -term bullish perspective.
The Dow Jones reaches maximum of almost four months animated by Nike and Caterpillar
The Dow Jones index advances 0.94% today, operating the time to write about 43,384.
The Nike titles (NKE) have a gain of 2.81% in the day, visiting maximum of June 13 at $ 62.73 after publishing their profit report.
NKE obtained income for 11.1 billion dollars compared to 10.73 billion dollars estimated, as well as a profit per $ 0.14 $ compared to the $ 0.132 projected by the market consensus, thus exceeding estimates.
In the same tonic, the values ​​of Caterpillar (CAT) rise 2.77% daily, reaching maximum of January 30 at 382.33 $.
In this context, the Dow Jones rebound 402 points, reaching maximums of March 3 in 43,424.
Marvel Technology and Airbnb lead the profits at Nasdaq 100
The Nasdaq 100 technological index rises 0.93% daily, registering a new historical maximum in 22,470.
The actions of Marvell Technology (MRVL) regret 5.32% in Thursday overcoming maximum of March 5 in 81.12 $, signing its third consecutive day upwards.
On the other hand, Airbnb titles (ABNB) win 3.12% today, visiting maximum of June 17 at $ 134.18.
The Nasdaq 100 progresses 206 points, currently quoting at 22,447, spinning its fourth consecutive day with profits
The S&P 500 is ready to mark new historical maximums
The Gross Domestic Product (GDP) of the United States presented a 0.5% drop in the first quarter, worsening estimates of a contraction of 0.2%.
Enfase Energy (ENPH) shares shoot 12.83%, reaching levels not seen since June 16 at $ 43,27, leading profits in the stock market index.
The S&P 500 rises 46 points, consolidating at maximum four months in 6,138.
The attention of investors will be in the index of prices of personal consumption expenses of the United States corresponding to May. Analysts project that it is located at 2.6%, slightly exceeding 2.5% observed the previous month.
Technical Analysis of Dow Jones
The Dow Jones established a short -term support given by the minimum of June 19 in 41,971. The following key support is located in 40,747, a pivot point of May 6, in convergence with the 50% fibonacci setback. To the north, the important resistance is 45,068, maximum of January 31.
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.
