- The Dow Jones loses 0.62%, reaching minimums not seen since May 23 in 41,760.
- The Nasdaq 100 decoced 0.76% in the day, reaching minimum of June 3 in 21,448.
- The S&P 500 slides 0.64% today, signing its third consecutive day down.
- North American markets remained closed due to the festivities of the day of liberation.
The Dow Jones established a daily maximum in 42,093, where it attracted vendors that dragged the index to minimum of four weeks not seen since May 23 in 41,760.
The Dow Jones industrial average began operating at 42,091, while the Nasdaq 100 technological index began negotiations in 21,644. The S&P 500 opened in 5,960, taking up the short -term bassist perspective.
North American indices lose ground on Liberation Day
The Dow Jones index fell 0.62% on Thursday, sliding 261 points, currently quoting about 41,905, to sign its third consecutive day down.
On the other hand, Nasdaq 100 falls 0.76% daily, visiting minimums of more than two weeks not seen since June 3 at 21,448, spinning three consecutive sessions with losses.
In the same tune, the S&P 500 slides 0.64% today, quoting at the time of writing in 5,940.
Lon investors show their concern about a possible military intervention by the United States in Iran, carrying the main stock market indices to a negative zone.
Technical Analysis of Dow Jones
The Dow Jones established a short -term resistance given by the maximum of June 11 in 43,115. To the south, the closest support is located in 41,175, minimum of May 23. The following important support is found in 41,187, a pivot point of May 6.
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.
