DOWJONES
Dow Jones index is trading above the $51,500 support level, with prices likely to rise and retest the $52,600 resistance level. This scenario will be invalidated if prices break below the aforementioned support level during today’s trading session.
|
Support |
51500 | 50700 |
| Resistance | 52600 |
53700 |
Dow Jones futures rose during today’s trading session to around 52,433 points, attempting to recover losses from the previous session, supported by improved investor risk appetite following strong earnings from CoreWeave, which restored confidence in continued spending on artificial intelligence projects. Hopes for easing geopolitical tensions also helped support U.S. stock markets, despite ongoing concerns over rising interest rates.
Markets are closely monitoring upcoming Federal Reserve monetary policy developments after October’s inflation data came in higher than expected, strengthening expectations of an interest rate hike in December. These expectations could limit further gains in the Dow Jones, particularly as U.S. Treasury yields and borrowing costs rise. However, positive corporate earnings and easing geopolitical risks could provide additional support for the index in the coming trading sessions.
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