- Dow Jones falls 1.04% today.
- The Nasdaq 100 goes back 1.42% daily, dragged by adobe (adbe)).
- The S&P 500 loses 1.04% on Thursday after the publication of the United States IPP.
- Commercial tensions between the European Union and the US increase before the constant tariff threats.
- Weekly applications for unemployment subsidy were located in 220,000, below consensus estimates.
The Dow Jones established a daily maximum in 41,387, finding vendors that took the index to a minimum of the day in 41,018.
The industrial average Dow Jones opened in 41,249 while the Nasdaq 100 technological index initiated the contributions in 19,491. The S&P 500 began operating in 5,578, taking up the bassist perspective, amid the scaling of commercial tensions.
The Dow Jones extends its fall weighed by Salesforce and Verizon
The Dow Jones index loses 1.04% today, falling 405 points at the moment, operating when writing about 40,909.
Salesforce shares (CRM) fall 4.09% in the day, reaching minimums of March 11 at $ 272.07, thus ending with two consecutive upward sessions. Following the same tonic, Home Depot titles (HD) decrease 4.25% on Thursday, reaching minimal not seen since August 13, 2024 in 349.18 $.
In this context, Dow Jones signs four consecutive days with losses, consolidating at least six months in 41,018.
Adobe and Atlassian Corporation lead the losses in Nasdaq 100
The Nasdaq 100 technological index falls 1.42% in the day, visiting minimums of March 11 in 19,258.
Adobe (ADBE) values collapse 12.75% on Thursday, reaching minimums not seen since May 26 that 2023 in 382.65 $ after the publication of your profit report. ADBE obtained income for 5.71 billion dollars compared to 5.66 billion dollars estimated by analysts, as well as an action of $ 5.08, above the $ 4,973 projected by the market. Despite exceeding expectations in the quarter, the company has cut its income projections for the following fiscal year, causing a strong drop in the price of its action.
Atlassian Corporation Titles (Team) lose 7.47% daily, reaching minimum of November 1, 2024 in 209.43 $, spinning two consecutive sessions down.
The S&P 500 slides strongly after tariff threats between the United States and the European Union
Donald Trump’s tariff rhetoric has intensified after the entry into force of aluminum and steel tariffs, causing a similar response by the European Union (EU) on the goods from the United States. Given this scenario, Trump has threatened to announce additional tariffs in retaliation.
On the other hand, the US producer price index was 3.2% annualized in February, slightly below the estimated 3.3% and 3.7% reached in the previous month. Similarly, weekly applications for unemployment decreased to 220,000 in the week that ended on March 7, located below the 225,000 projected and 222,000 registered in the previous week.
The focus of the operators will be placed on the feeling of the consumer of the University of Michigan to be published tomorrow. The consensus of analysts expects to be located at 63.4 in March, slightly below 64.7 observed the previous month.
In this context, the S&P 500 lose 1.04% today, operating when writing about 5,532.
Technical Analysis of Dow Jones
The Dow Jones established a short -term resistance given by the maximum of March 7 in 42,897. The next key resistance is observed at 45,068, maximum of January 31. Downwards, the key support is 39,989, a pivot point of September 11, 2024.
4 -hour graph of Dow Jones
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.
