The Dow Jones Industrial Average has reached a historic milestone, surpassing the 45,000 mark for the first time. This achievement comes after a bullish trend following the recent election, with the index bouncing back from a previous low of 43,000.
Despite the U.S. cash markets being closed for Thanksgiving, investors remain optimistic about future growth. The Dow's recent performance indicates a sustained upward trajectory, with steady gains over the past months. Analysts suggest that a close below the 43,000 mark could signal potential short-term weakness.
The S&P 500 has also returned to the 6,000 level, which is seen as a significant psychological barrier for investors. The index had a mid-month low around 5865, which is now considered a potential support level. The 5700 mark is another critical level where the index had previously stabilized.
The Nikkei 225 index has maintained support at the 38,000 level and buyers are eyeing a potential breakout above last week's high of 39,000. However, sellers are ready to act if the Nikkei closes below 37,550.
The current market sentiment is cautiously optimistic, with analysts emphasizing the importance of monitoring key support and resistance levels. As the holiday season approaches, trading volumes may fluctuate, impacting market dynamics. Investors are advised to remain vigilant and adaptable.