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The FTSE 100 fell through its support zone, dipping to 8,012, with the psychological 8,000 mark in sight and potential resistance at 8,070-to-8,056. The DAX 40 is testing major support, facing minor resistance at 19,086 and 19,140. Meanwhile, the Dow Jones Industrial Average is consolidating after a rally, with support at 43,332 and resistance at 44,496.
US stocks experienced a significant rally on Tuesday, driven by positive economic data, as the non-manufacturing purchasing managers index rose to 56.0, its highest since August 2022. The S&P 500 climbed 1.23% to 5,783.11, the Nasdaq Composite increased 1.43% to 18,439.17, and the Dow Jones Industrial Average gained 1.04% to 42,227.74. Investors are preparing for a week of volatility amid a tightly contested U.S. presidential election.
The Nikkei 225 has surged over 3% following Japan's recent election results, surpassing its 200-day SMA as the jobless rate hits an eight-month low. Meanwhile, the Dow Jones is experiencing low volatility ahead of key earnings, while the S&P 500 hovers below its all-time high, awaiting significant US megacap earnings.
Jim Cramer reassured investors not to panic over rising bond yields, stating that the stock market has thrived even with yields at 5% and 6%. Despite a slight dip in major indexes, he highlighted that corporate buybacks and index fund inflows could counteract selling pressure, creating a temporary stock shortage.
The Nikkei 225 is under pressure after falling from a three-month high of 40,286, with support at 38,670 and 38,650. The Dow Jones Industrial Average is on an upward trajectory, aiming for a new record high of 43,176, while the NASDAQ 100 has rebounded from a low of 19,611, reaching a three-month high of 20,499.
Dow Jones Industrial Average Fund FUND
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global markets retreat as ftse 100 and dax face resistance levels
22:45 13.11.2024
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02:55 06.11.2024
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10:09 29.10.2024
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00:36 22.10.2024
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