- The Dow Jones rises 1.05% today, operating at the time of writing at 40,591.
- The Nasdaq 100 rebounds 1.66% daily, led by PDD Holdings (PDD).
- The S&P 500 advances 1.41% on Monday, reaching maximums of April 9.
- The dollar index loses 0.14%, consolidating within the range of Friday’s session at 99.67.
- The operators will be attentive to the comments of Thomas Barkin, Christopher Waller, Patrick Harker and Raphael Bostic, members of the Federal Reserve.
The Dow Jones marked a minimum of the day at 40,360, where buyers attracted the index to maximums of more than a week in 40,765.
The industrial average Dow Jones opened in 40,389, while the Nasdaq 100 technological index began negotiations in 18,808. The S&P 500 began operating in 5,399, taking up the upward perspective in tune with the main stock market rates.
The Dow Jones remains in an animated earnings zone by Apple and Nike
The Dow Jones index wins 1.05% on the first day of the week, currently quoting about 40,591.
Apple’s shares (AAPL) rebukes 4.30% daily, exceeding maximum of April 3 in $ 212.94, spinning two consecutive sessions with profits.
In the same tonic, Nike titles (NKE) earn 2.92% today, reaching April 10 in 55.33 $.
In this scenario, the Dow Jones upload 522 points in the day, extending the profits of the Friday session, pointing to the key resistance zone in 42,000.
PDD Holdings and Palantir Technologies lead the profits at Nasdaq 100
The Nasdaq 100 technological index rebounds 1.66% today, consolidating at maximum April 10 in 18,950.
The values of the PDD Holdings Business Group (PDD), focused on managing electronic commerce companies such as Temu, rises 7.06% on the first day of the week, hello reaching maximums of April 8 at $ 99.10, spinning two consecutive days upward.
On the other hand, Palantir Technologies (PLTR) titles earn 6.15% daily, reaching maximums not seen since March 25 in 97.33 $, ending with 2 consecutive sessions with losses.
The Nasdaq 100 takes up the upward perspective, going up 295 points today, with intentions to reach the following important resistance zone in 20,000.
The S&P 500 quotes on positive terrain waiting for the speeches of the members of the Fed
In the middle of a day with few economic data, the S&P 500 wins 1.41%, visiting maximums of April 9 in 5,460.
The dollar (DXY) index maintains the bassist perspective, falling 0.14% today, currently operating in 99.63, spinning three consecutive days with losses.
The attention of investors will be set in the speeches of Thomas Barkin, Christopher Waller, Patrick Harker and Raphael Bostic, which are part of the Federal Committee of the Open Market of the Federal Reserve.
The S&P 500 goes up 82 points, extending Friday’s profits with the sights set in the 5,600 zone, round number close to the maximum of April 3.
Technical Analysis of Dow Jones
The Dow Jones reacted upwards from a short -term support given by the minimum of April 7 in 36,614. To the north, the closest resistance is located at 42,820 maximum of March 26. The next key resistance is 45,068, a 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.
