Yesterday’s softer US CPI helped markets to rally, with the Dow and Nasdaq 100 at new highs and the Nikkei 225 also risng
Further gains will quickly take the index above the psychological 40,000 mark, and then from there new record highs come into view. Short-term weakness would likely require a close back below the previous highs around 39,287.This index also witnessed a surge on Wednesday following the inflation data, and this carried the price to a new record high, smashing through the 21 March record high of 18,466.
From here the 19,000 level comes into play, as fresh flows drive the price higher. Having established a higher low in mid-April, the index remains firmly in an uptrend.The steady rebound from the lows of April remains in place. A close above the 50-day SMA helps to support the bullish view. Further gains target trendline resistance form the late March record high, and then the area around 39,800, which marked the highs in early April.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTSE 100 Keeps Hitting New Records, while Dow and Nasdaq 100 Continue to GainIndices begun the week well on Monday, and the FTSE 100 is poised to rejoin the fray at new record highs this morning.
Read more »
Dow and Nasdaq 100 Trim Gains and Nikkei 225 Comes Under PressureUS indices continue to make headway overall, but the Nikkei 225 has struggled in recent sessions.
Read more »
Dow and Nasdaq 100 rise but Nikkei 225 hits a speed bumpUS indices continue their recovery from recent lows, but the Nikkei 225 has been hit by volatility in the yen.
Read more »
Dow, Nasdaq 100 and Nikkei 225 Make Headway Off Recent LowsThe selling in indices has stopped for now, with major markets higher after finding at least a short-term low last week.
Read more »
Trading the Giants: Strategies for the S&P 500, Nasdaq 100, FTSE 100, and DAX 40Stock market indices form the backbone of global investing, providing a way to track the performance of entire economies or sectors. Among the most heavily traded indices are the S&P 500 (US), Nasdaq 100 (US tech), FTSE 100 (UK), and DAX 40 (Germany).
Read more »
FTSE 100, DAX 40 and Nasdaq 100 Remain Under PressureOutlook on FTSE 100, DAX 40 and Nasdaq 100 as investors await Israeli response to Iran’s attack.
Read more »