Nasdaq S&P and DJIA Highlights
As the powerful surge goes on, the S&P500 is attempting to find equilibrium over the 4770 mark.
The ticker symbol NASDAQ surpassed the 16,800 mark as interest in technology equities remain robust.
The Dow Jones index reached the hurdle level of 37.5K
The Performance of Wall Street
The prior day saw a strong improvement over key indices. The S&P 500 gained 0.59 percent. Bringing it nearer to its 2022 January peaks. The Nasdaq 100 topped 15 K for the first time before January of 2022, representing a 0.66 percent rise. The DJIA also rose significantly, setting a new milestone high. This upward pattern, which has continued during Dec for the whole year, speaks to a bright conclusion to the year 2023.
The Nasdaq 100 Analysis
16,799.05
-53.35 (-0.32%)
Prev. Close
16,852.40
High
16,870.40
Low
16,786.85
The Nasdaq 100 index continues to rise in tandem with the broader equities market boom. Appetite for technology equities stays high as investors believe artificial intelligence will transform the sector.
If the Index closes over the barrier of 16,750 – 16,800 mark It’ll most certainly acquire more upward impetus. In this instance, Nasdaq 100 will be venturing into uncharted terrain, and its short-term characteristics will be determined by the wider market mood.
The S&P 500 Index Analysis
The S&P 500 is testing fresh peaks as investors remain positive. Markets today concentrate on home market indicators. In Nov, permits for building fell two percent month on month, but residential construction rose 14.8 percent. US Treasury rates fell while traders in bonds kept their sights on the US Fed’s soft stance. Rate reductions in the initial portion of 2024 are the primary positive stimulus for the index. The present market attitude is extraordinarily positive, as the surge appears to be fueled by FOMO (the dread of leaving off). The rebound is quite wide, considering all market categories rising in the trading session today.
S&P 500 – Daily Graph
Source: TradingView
4,768.60
-5.50 (-0.12%)
The relative strength index (RSI) has gone deeper into overheated area, yet it remains beneath its most recent peak. In the grand scheme of things, the SP&500 is approaching record highs.
The DJIA Index Outlook
The Dow Jones index makes fresh peaks as investors believe its present advance will keep going sans a pause.
37,575.00
-15.00 (-0.04%)
Investors ought to become aware of the fact that aren’t any levels of resistance over 37,500 mark. Once the Dow Jones index approaches its highest level ever.
