- The Dow Jones advances 0.20% today, currently quoting about 42,959.
- The Nasdaq 100 rebounds 0.22% daily, led by Datag (DDOG).
- The S&P 500 wins 0.36% on Thursday, driven by Oracle Corporation (ORCL).
- The United States underlying production price index increased by 3%, improving analysts’ forecasts.
- Applications of unemployment subsidy weekly increased to 248,000, above market projections
The Dow Jones reacted upwards from June 6 at 42558, finding buyers who promoted the index to a maximum of the day in 42,959.
The Dow Jones industrial average began operating at 42,742, while the Nasdaq 100 technological index began negotiations in 21,900. The S&P 500 opened in 6,019, taking up the upward trend in tune with the main share rates.
UnitedHealth and The Travelers Companies promote Dow Jones to profit zone
The Dow Jones index rises 0.20% in the day, reaching a daily maximum in 42,959.
The actions of Unitedhealth (UNH) rebound 2.56% daily, reaching maximums not seen since May 20 at $ 318.80, signing its third consecutive day upwards.
In the same tuning, The Travelers Companies (TRV) titles earn 1.79% today, reaching two days in 266.08 $, ending with a streak of three consecutive days with losses.
In this scenario, Dow Jones advances 85 points, consolidating within the operational range of the previous session at 42,959.
Datedag and Constellation Energy lead the profits at Nasdaq 100
The Nasdaq 100 technological index rebounds 0.22% on Thursday, bouncing from June 6 at 21,700.
Datagag’s titles (DDOG) earn 3.41% in the day, reaching maximum of June 10 at $ 123,69, cutting a streak of three consecutive sessions down.
On the other hand, the Actions of Constellation Energy (CEG) earn 2.80% today, visiting maximum of June 9 in 301.32 $, signing its second consecutive day with profits.
The Nasdaq 100 advances 49 points, reaching a daily maximum in 21,954.
The S&P 500 ends Thursday with profits promoted by Oracle Corporation
The United States Labor Statistics Office announced that the production price index met market expectations when it was 2.6% in May, slightly exceeding 2.5% observed in April. At the same time, the underlying IPP, which does not consider food or energy, increased 3% in the same period, improving the estimated 3.1% and 3.2% recorded in the previous month.
Oracle Corporation (ORCL) values ​​when 13.31%are fired, reaching a new historical maximum in $ 202.49 after the publication of its profits.
ORCL obtained revenues for $ 15.9 billion compared to 15.58 billion expected dollars, as well as the profit of $ 1.70, compared to the 1,642 planned by the market.
The S&P 500 advances 0.36% today, winning 21 points, staying within the range of the previous session in 6,043.
Technical Analysis of Dow Jones
The Dow Jones established 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. To the north, the key resistance is located at 45,068, a pivot point of January 31, 2025.
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.
