Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, CAC40 Analysis and Charts Nasdaq 100 hits three-week low The index has fallen to its lowest level in three weeks, as the US debt downgrade provides a catalyst for a sell-off. Additional declines target rising trendline support from the April lows, and then
Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight (DJIA -0.98%; S&P 500 -1.38%; Nasdaq -2.17%), with overbought technical conditions and “extreme greed” sentiments (Fear & Greed Index) potentially exacerbating the profit-taking. Treasury yields largely held firm, with the 10-year yields back above its key 4% level to touch
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, Hang Seng Prices, Analysis, and Charts Nasdaq 100 steady after recent gains The steady rally here goes on, with no sign of a downturn at hand.Late July saw a brief pullback, but this resolved into a move higher that has left the price
Article by IG Chief Market Analyst Chris Beauchamp S&P 500, Nasdaq 100, CAC40 Prices, Analysis, and Charts S&P 500 hits new 2023 high The index has surged to a new high for the year, and its highest level since April 2022.The Fed decision last night gave space for the dollar to weaken and equities to
S&P 500, SPX, NASDAQ 100, NDX – Price Action: US indices steady after widely-expected Fed rate hike. Earnings, China stimulus, and resilient global growth are supportive. Extreme optimism, overbought conditions, overcrowded positioning, and seasonality are potential headwinds. What is the outlook for the Dow, the S&P 500 index, and the Nasdaq 100 index? Recommended by