The S&P 500 index is 9.13% below its 52-week high formed on Feb.19, 2020, and it is up 40% from its Covid-19 low formed on March 23. The horizontal lines are the monthly and quarterly value levels. The tech-savvy index, the NASDAQ composite jumped by 0.99% yesterday. If this happens with the average below the quarterly level at 27,432, the downside risk is to the 200-week SMA. Emails reveal how Hunter Biden tried to cash in big on behalf of family... Biden introduced Ukraine exec to VP dad: emails, Boy killed on highway left note saying he was running away, mom says, No, 'Saved by the Bell' star Dustin Diamond did not die in prison riot, Here's why canned corn might be tough to find at supermarkets, People in prison can now receive stimulus checks, judge rules, United Airlines CEO has grim prediction about future of business travel, ‘DWTS:’ We turned down Taryn Manning, not the other way around, Theater district eateries offering pay-when-you-can meals to stage actors, Chaka Khan on collaborating with Ariana Grande: ‘She’s good on her own’, © 2020 NYP Holdings, Inc. All Rights Reserved, Dow plunges 800 points, Nasdaq drops 5 percent as tech stocks stumble, Playing with House money: Small investors drive baffling market surge, Stocks register gains on cautious hopes of economic recovery, Stock rally fades as investors ready for national emergency, has been making a steady recovery since the COVID-19 pandemic, 'Everything is upside down': New Queens beachfront eatery opens during pandemic, Big retailer's expansion is right on 'Target', DSW offers buy one, get one 50 percent off deal on shoes and accessories, H&M launches Jeans Redesign collection focused on sustainability, Nordstrom Rack takes up to 65 percent off outerwear, Postmates is scoring delivery wins all football season, Lululemon offers up to 75 percent off apparel, accessories and more, Piglets try to suckle from kitten in cute video, Cardi B was in bed with Offset when she accidentally posted her nude photo, Hunter Biden emails, pics reveal wild life, pained soul. New weekly levels are calculated after the end of each week. The Dow Jones industrial average once again topped the 29,000 mark on Wednesday, bringing it within striking distance of an all-time high just months after sinking below 19,000.
President Trump’s recent threat of new tariffs on the EU has triggered a more favorable response from Europe. The difference between Wednesday’s close and Thursday’s close was only 1%. The Dow Jones was developed by Charles Henry Dow and originally contained just 12 American companies. The DJIA index’ weekly chart shows that bears still command the control on a bigger time frame, and the bigger time frame always has more importance in trend analysis. The S&P500 index recovered its losses yesterday and finished the day with decent gains, with S&P stocks closing with a gain of 1.10%.
Investors were encouraged that the trade wars initiated by President Donald Trump were being resolved. Stock market rally still needs more support from the bulls, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, lack of a clean re-opening of the US economy. The highest closing record is 29,551.42 set on Feb. 12, 2020. Investors are likely to focus on the upcoming US personal spending and income data, and both numbers are likely to determine the future course of the gold price for the rest of the day. But President Trump only took to Twitter to celebrate the Dow’s milestone within minutes of the markets closing. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Barron's is a leading source of financial news, providing in-depth analysis and commentary on stocks, investments and how markets are moving across the world. It's About Time. The Dow finally joined them, after last hitting a new high on Feb. 6.
Arrives: Daily, Monday thru Friday covering all topics. It was published for the first time in May 1896 and opened at a level of 40.94 points. For them, this step is the right direction to stamp out the current spike in Covid-19.
Near term I show a January value level at 27,579 with a weekly risky level at 28,990 through Jan. 3. This is a gain of just 5% to 6.4%. Recently I noted that stocks tend to peak and decline 10% to 20% and more shortly after a reading rises above 90.00, so I call that an “inflating parabolic bubble” as a bubble always pops. Do Not Sell My Personal Information. Tensions continue to simmer between US and Germany as the German Chancellor, Angela Merkel is preparing retaliatory measures if Trump continues to press on shutting down the Nord Stream 2 pipeline. Dow Jones Closed at Record High for Third Time Already in 2020 The Dow Jones Industrial Average ( ^DJI ) closed at a record high on Wednesday and above 29,000 for … Your California Privacy Rights Your Ad Choices A fundamental market shift Part of … “Stocks had their most bullish session in over a week, as all of the main sectors and even small-caps followed the broader market higher thanks to the improving global sentiment,” writes Gorilla Trades strategist Ken Berman. The weekly chart shows the 'inflating parabolic bubble' formation. Dow Jones PRICE Daily CHART (AUg 8 – Feb 24, 2020) Zoomed IN. Trump ignores Covid-19 spike in America while Coronavirus re-opening faces challenges in the US.