- The Dow Jones advances 1.13% today, reaching maximums not seen from February 6 in 44,998.
- The Nasdaq 100 wins 0.41% daily, operating at the time of writing about 23,155.
- The S&P 500 rises 0.80% in the day, reaching new historical maximums in 6,356.
- Negotiations between the United States and the European Union glimpse a commercial agreement, in accordance with FT.
The Dow Jones established a minimum of the day at 44,602, finding buyers who took the index to maximum of February 6 in 44,998.
The Dow Jones industrial average began operating at 44,639, while the Nasdaq 100 technological index began negotiations in 23,046. The S&P 500 opened in 6,314, registering new historical maximums.
Merck & Company and UnitedHealth keep Dow Jones in a profit zone
The Dow Jones index rises 1.14% in the day, reaching maximum of February 6 at 44,998.
The titles of Unitedhealth (UNH) advance 2.59% daily, reaching maximums of July 17 at 292.64 $, signing its second consecutive day with profits.
In the same tune, Merck & Company (MRK) shares earn 2.90% today, visiting July 15 levels in 84.14 $, spinning two consecutive sessions upwards.
The Dow Jones rebounds 504 points, currently operating on 44,998.
The Nasdaq 100 takes up the winning path supported by Baker Hughes and Costa Group
The Nasdaq 100 technological index advances 0.41% daily, consolidating within the operational range of the previous session at 23,155.
The Baker Hughes (BKR) values rise 11.64% today, reaching maximum of April 2 at $ 44,89, signing its second consecutive upward day.
BKR published its profit report, obtaining income for 6,91 billion dollars, exceeding 6,63 billion dollars projected, as well as a profit per share of 0.707 $, above the $ 0.63 expected by analysts.
On the other hand, the shares of (CSGP) earn 6.86% in the day, visiting maximums of May 10, 2024 in 91.13 $. CSGP announced its quarterly report, obtaining income of $ 781.3 million, improving the 772.21 million dollars planned. Similarly, it achieved a gain per share of 0.17 $, exceeding 0.138 $ projected.
The Nasdaq 100 rebounds 94 points, reaching a daily maximum in 23,168.
The S&P 500 brand new historical maximums in the midst of a better commercial mood
In the stock market, the titles of Ge Vernova (GEV) rise 14.58% today, reaching a new historical maximum in $ 63.72, concluding with two consecutive sessions with losses. Gev published its quarterly report, obtaining revenues of 9.11 billion dollars compared to 8,81 billion dollars planned by the market. At the same time, it filed a profit per share of $ 1,729, exceeding $ 1.51 provided by the analyst consensus.
In the same tune, the values of Lamb Weston Holdings (LW) advance 16.31%, reaching maximums not seen since April 4 in 59.50 $, spinning its second consecutive day with profits.
LW announced its earnings report, getting income for 1.68 billion dollars, above 1.59 billion dollars estimated, as well as a profit per $ 0.87 $, improving the expected $ 0.629.
The commercial mood has improved after FT indications pointing out advances in negotiations between the United States and the European Union.
The attention of investors will be tomorrow in the preliminary manufacturing and services corresponding to June, the market projects an increase to 52.5 and 53 points, respectively.
Technical Analysis of Dow Jones
The Dow Jones established a support in 41,760, minimum of June 19, in convergence with the recoil at 61.8% of Fibonacci. The following key support is located in 40,747, a pivot point of May 6. To the north, the closest resistance is 45,071, historical maximum of November 29, 2024.
Dow Jones daily graphics
Dow Jones – Frequently Questions
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.
