- Dow Jones falls 0.39% daily.
- The Nasdaq 100 loses 0.27% in the day, after reaching a new historical maximum in 22,241.
- The S&P 500 decoced 0.17% on Tuesday from a new historical maximum in 6,137.
- The president of the San Francisco Federal Reserve, Mary Daly, highlighted the strength of the United States labor market, in her speech today.
The Dow Jones established a maximum of the day in 44,652, where it attracted aggressive vendors that dragged the index to a minimum of three sessions in 44,372.
The Dow Jones industrial average opened 44,624, while the Nasdaq 100 technological index began operating 22,183. The S&P 500 began negotiations in 6,126, after registering a new historical maximum in 6,137.
UnitedHealth Group and Amazon drag Dow Jones to negative field
The Dow Jones index loses 0.39% in the day of today, quoting at the time of writing about 44,515, remaining within a lateral range between 43,848 and 45,068.
The titles of Unitedhealth (UNH) have a drop of 2.85% daily, reaching minimum not seen since January 17 in 506.81 $, signing its second consecutive day down. In the same tune, the Amazon (AMZN) values ​​fall 1.63% in the day, visiting minimums of January 17 in 224.81.
The Nasdaq 100 goes back to a minimum of two days after establishing a new historical maximum
The Nasdaq 100 technological index registered a new historical maximum in 22,241, where it attracted vendors that dragged the index to a minimum of two days in 22,052, falling 0.27% at the time of writing.
Autodesk (ADSK) shares slide 3.55% on Tuesday, reaching minimum of January 17 in 291,30 $, spinning its second consecutive session downward. In the same tonic are the values ​​of Applovin Corporation (app), which lose 2.91% in the day, staying within the operational range of the previous session at 496.20 $.
Medtronic and Conagra Brands drag the S&P 500 to a negative zone after reaching a new historical maximum
The S&P 500 index reached a new historical maximum in 6,137, finding aggressive vendors that dragged the index to minimum of February 14 in 6,108.
Mary Daly, president of the San Francisco Federal Reserve, reiterated the caution position of the Central Bank, noting that she cannot make decisions based on assumptions in relation to the commercial policy of the new administration.
On the other hand, the values ​​of Medtronic (MDT) in 7.33% daily, reaching minimum of January 16 at $ 85.06 after the publication of its profit report. MDT obtained income for 8,29 billion dollars, below 8.33 billion dollars expected by analysts, as well as a profit rate of $ 1.39 compared to the $ 1.36 provided by the market. Similarly, the shares of Conagra Brands (CAG) lose 6.07% in the day, reaching minimums not seen since March 16, 2020 in $ 23.06
Technical Analysis of Dow Jones
The Dow Jones established a short -term resistance given by the maximum of January 31 in 45,068. To the south, the closest support is located at 44,090, minimum of February 12. The next key support area is observed in 43,848, Pivote Point of February 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.
