Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow makes further gains The index has spent the past three sessions rallying from last week’s low and is now challenging the 50-day SMA from below. A close above 35,000 is critical to a renewed bullish view emerging,
Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index retreated from key resistance zones. Lofty real yields, above-average valuations continue to pose a high bar for material index gains. What are the outlook and the key levels to watch in the S&P 500 and the Nasdaq 100
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow gives back recent gains The index has fallen this week, dropping back below the 50-day SMA and heading towards the 100-day SMA.It remains above the August lows, but bulls will need a close back above 34,750 to
Share: NASDAQ exchange sent Mullen notice of delisting. The delisting of MULN could happen as soon as September 15. Mullen is attempting to appeal the delisting decision and gain six months to comply. Failing to maintain the MULN share price above $1 is the reason for the delisting. Mullen Automotive (MULN) stock has
US Stocks (SPX, NDX) News and Analysis S&P 500 Gaps Lower at the Start of US Trading The S&P 500 started the day on the back foot, gapping lower at the open after what is shaping up to be a tough week for stocks. Hotter-than-expected US data initially posed the challenge for US equities, as
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 on track for second week of gains The FTSE 100, which slid back to its breached July-to-August downtrend line on Thursday, is bouncing off it ahead of US Non-Farm Payrolls on Friday. The UK blue chip
MARKET RECAP The U.S. dollar, as measured by the DXY index, retreated on Wednesday, dragged lower by falling rates in the wake of disappointing economic numbers. U.S. Treasury yields have begun to retrench in recent days, as softer-than-expected macro-related statistics have reduced the likelihood of additional monetary tightening by the Federal Reserve. Earlier this week,
Article by IG Senior Market Analyst Axel Rudolph Ftse 100, Nasdaq 100, Dow Jones Analysis and Charts FTSE 100 has broken through its downtrend line The FTSE 100 has now broken through its July-to-August downtrend line, tracking Wall Street higher following weak US job opening data which shows that the US economy may be cooling,
USD/JPY ANALYSIS USD/JPY rose to multi-month highs during Tuesday’s European session, but erased gains and reversed course sharply following weak and lackluster U.S. economic data. By late afternoon, the pair was losing 0.35% to trade at 146.00, after reaching a peak of 147.37 in the morning. Earlier in the day, the latest consumer confidence survey
