- The Dow Jones rises 0.69% today.
- The Nasdaq 100 wins 0.13% in the day, led by Intel Corporation (INTC).
- The S&P 500 rebounds 0.37%, reaching maximums not seen since March 10.
- The United States retail sales rise 0.2% in February, disappointing market expectations.
The Dow Jones established a daily minimum in 41,217, finding buyers who took the index to maximum of March 12 in 41,749.
The Dow Jones industrial average began negotiations in 41,262 while the Nasdaq 100 technological index began operating in 19,629. The S&P 500 initiated the negotiations in 5,608, extending its profits to a week of one week.
The Dow Jones operates in positive field animated by Walmart and IBM
The Dow Jones Index wins 0.69% daily, going up more than 300, reaching maximum of March 12 in 41,749.
Walmart shares (WMT) rebound 2.34% in the first day of the week by signing its second consecutive session, reaching March 12 at 87.78 $. On the other hand, the titles of International Business Machines (IBM) rise 2.08% daily, reaching maximum of March 11 in 254.63 $.
Intel Corporation and Applovin drive to Nasdaq 100 to a maximum of a week
The Nasdaq 100 technological index rises 0.13% today, visiting maximums not seen since March 10 at 19,830.
Intel Corporation values ​​(INTC) shoot 7.69% daily, signing their fourth consecutive day up, reaching maximums not seen since February 21 on 26.15 $. In the same tune, Applovin Corporation (app) titles earn 4.88% in the day, reaching levels of March 6 at 310.80 $.
The Nasdaq 100 Lucha extends its earnings from the previous session, visiting maximums of a week, in tune with the S&P 500.
The S&P 500 lifes up despite weak retail sales
According to the United States Census Office, retail sales registered an increase of 0.2% in February, below 0.7% projected by analysts. This reading is after the contraction of 1.2% observed in January.
The focus of investors will be placed on the decision -making decision of the Federal Reserve that will be announced on Wednesday. The market consensus does not expect relevant movements, although it will be attentive to the points graph and the statements of its members.
In this context, the S&P 500 rises 0.37% in the day, reaching a week of one week not seen since March 10 in 5,667, spinning two consecutive days upwards.
Technical Analysis of Dow Jones
The Dow Jones established a short -term support given by the minimum of March 13 in 40,660. The closest resistance is observed at 42,897, maximum of March 7 in convergence with the exponential mobile average of 21 periods. The next key resistance is 44,033, a pivot point of March 3.
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.
