Dow and Nasdaq 100 rally continues, and Nikkei 225 moves back to 40,000
Indices have seen further gains, with risk appetite bolstered by Netflix’s earnings and news of more support for equities in China.
Dow rally continues
Wednesday saw the Dow Jones index hit its highest level since mid-December.
The rebound from 42,000 is intact, and a push back to the 45,000 record high looks likely over time. So far, sellers have been unable to establish control, with Tuesday’s weakness being rapidly bought.
Dow Jones daily chart
Nasdaq 100 at one-month high
Results from Netflix gave the Nasdaq 100 index fresh momentum and it is now testing the late December high around 21,800. Beyond this lies the record high at 22,100.
As with the Dow, buyers pounced on some intraday weakness on Tuesday, leaving the upward move in place.
Nasdaq 100 daily chart
Nikkei 225 recovers 40,000 level
The risk-on move across global stock markets has helped lift the Nikkei 225 back to 40,000.
There had been a firm defence of the area around 38,250 last week, and this provided the foundation for a continued move higher. Beyond 40,000 lies the late December peak at 40,419, and from there, the next target becomes the July record high at 42,500.
Nikkei 225 daily chart
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
