- The Dow Jones wins 0.45% on Wednesday, currently quoting in 41,060.
- Nasdaq 100 falls 0.09% today, consolidating within Tuesday’s operational range at 19,760.
- The S&P 500 advances 0.17% daily, promoted by Charles River Laboratories (CRL).
- Investors will focus their attention on the decision of interest rates of the Federal Reserve, the consensus projects that it remains unchanged by 4.5%.
The Dow Jones marked a minimum of the day in 40,938, attracting aggressive buyers that promoted the index to a daily maximum in 41.138.
The industrial average Dow Jones opened in 41,015, while the Nasdaq 100 technological index began operating in 19,809. The S&P 500 began negotiations in 5,619, extending yesterday’s losses.
Walt Disney leads profits at Dow Jones
The Dow Jones index rises 0.45% in the day, marking a daily maximum in 41,138.
The Walt Disney Company (DIS) values ​​shoot 10.24% daily, reaching maximums not seen since March 10 in 103.31 $ after publishing its profit report.
DIS obtained revenues for 23.62 billion dollars, above 23.09 billion dollars expected by the market, as well as an share of $ 1.45 compared to the $ 1,188 projected by analysts.
On the other hand, Nike (NKE) titles have a gain of 2.17% in the day, reaching maximum of April 23 in 58.81 $, ending with two consecutive days with losses.
The Dow Jones rises 215 points, consolidating within the operational range of the previous session at 41,060.
Marvel Technology and Alphabet drag the Nasdaq 100 to a negative field
The Nasdaq 100 technological index decreases 0.092% on Wednesday, establishing a minimum of the day the 19710.
The actions of Marvell Technology (MRVL) collapse 10.72% daily, reaching minimums not seen since April 23 in 53.78 $, signing its third consecutive day downward.
In the same tune, Alphabet’s titles (Googl) lose 6.54%, visiting minimums of April 22 in $ 151,87.
In this scenario, the Nasdaq 100 falls 21 points, quoting within the range of Tuesday’s session at 19,762.
The S&P 500 operates in the profit zone promoted by Charles River Laboratories
The leading biotechnology company Charles River Laboratories (CRL) has a gain of 14.91%, reaching maximums not seen from April 2 in 144.77 $.
CLR published its quarterly report on the day that today, obtaining revenues of 984.17 billion dollars, compared to the 941.94 $ estimated by consensus, as well as a gain per share of 2.34 $, compared to the 2075 planned by analysts.
In this sense, the S&P 500 rises 9 points, winning 0.17% daily, consolidating within the range of the previous session in 5,615.
The focus of investors is in the decision of interest rates by the Federal Reserve. The consensus of analysts expects to remain unchanged in a range between 4.25% and 4.50%.
Technical Analysis of Dow Jones
The Dow Jones formed a short -term support given by the minimum of April 21 in 37,853. The following important support is observed in 36,614, minimum of April 7. Upwards, the key resistance is observed at 45,068, 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.
