- The Dow Jones falls 0.56% daily, contributing currently in 42,104.
- The Nasdaq 100 goes back 0.41% today, dragged by Cadence Design Systems (CDNS).
- The S&P 500 lose 0.54% on Wednesday, operating a time to write about 5,886.
- Fed minutes reflected their concern about the inflationary risks caused by tariff uncertainty.
The Dow Jones reacted down from May 21 in 42,449, where it attracted vendors that dragged the index to a minimum of the day at 42,038.
The Dow Jones industrial average began operating at 42,306, while the Nasdaq 100 technological index began the day at 21,389. The S&P 500 opened in 5,915, consolidating within the operational range of the previous session.
Nike and Merck & Company take Dow Jones to a loss zone
The Dow Jones index loses 0.56% in the day, reaching a daily minimum at 42,038.
Nike (NKE) shares record a loss of 1.53% today, falling from May 20 to 63.11 $ until reaching a minimum daily in $ 61.87, remaining within the operational range of the session of May 27 in 61.90 $.
On the other hand, Merck & Company’s titles (MRK) lose 1.29% on Wednesday, reaching May 19 at 76.54 $.
In this context, Dow Jones goes back 236 points, staying within the operating range of May 27 in 42,104.
The Nasdaq 100 Internal Negative Opera Lasted by Cadence Design Systems
The Nasdaq 100 technological index loses 0.41% on Wednesday currently quoting in 21317.
The president of the United States, Donald Trump, has requested the semiconductor designer companies that suspend their sales to companies of Chinese origin.
On the other hand, Cadence Design Systems titles, INC (CDNS) lose 10.67% in the day, reaching April 28 at 284.32 signing their second consecutive day down.
After these events, Synopsys (SNPS) presents a drop of 9.64% in the price of its action, reaching minimal not seen since April 29 in $ 445, signing its third consecutive day downward.
In this scenario, the Nasdaq 100 went back to 0.41% on Wednesday, ending with two consecutive sessions with profits and consolidating within the operational range of the previous session at 21,317.
The S&P 500 concludes the day in loss zone in tune with the main stock market indices
The FOMC minutes warned more persistent inflationary risks than expected, citing tariff uncertainty as a key factor, affecting economic growth.
On the other hand, the president of the United States, Donald Trump, asked the semiconductor designer companies to suspend their sales to Chinese companies.
After this news, the S&P 500 loses 31 points the day Dehoy, falling 0.54% in the day, ending with two consecutive sessions with profits. The actions of Cadence Design Systems, INC (CDNS) presents a drop of 10.67%, reaching a minimum of April 28 in 284.32, signing its second consecutive day down.
The US economic agenda considers tomorrow the gross domestic product of the first quarter of the year, the consensus of analysts projects a decrease of 0.3%, online the reading of the previous period.
Technical Analysis of Dow Jones
The Dow Jones formed a short -term support given by the minimum of May 23 in 41,175. The following key support is observed in 40,747, minimum of May 6 in convergence with the 50% fibonacci setback. Upwards, the important resistance is found at 45,068, a pivot point 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.
