Nasdaq 100 and Nikkei 225 steadier, while Dow looks to make gains
Investors continue to digest the impact of the DeepSeek AI news, though the Dow has shown notable resilience compared to its tech-heavy cousins.
Nasdaq 100 calm after Monday’s slump
Buyers came in to defend the lows yesterday, with the Nasdaq 100 index’s rout halted around the 20,600 level that marked the low in mid-January.
The price has been unable to push higher overnight, but it has avoided further losses for the time being. However, investors remain nervous, and it may take some time for the selling to play out. A recovery above 21,500 would help support the view that a low is in for the time being.
Nasdaq 100 daily chart
Dow takes AI panic in its stride
The Dow Jones was a relative safe haven yesterday, thanks to the lower weighting of tech stocks.
The index recovered more quickly than the S&P 500 and was able to hit a new one-month high. Further gains target the 45,000 record high zone. The 44,000 level was strongly defended yesterday, so a close below this might mark the beginning of a more substantial pullback.
Dow Jones daily chart
Nikkei 225 stabilises after losses
Monday saw sharp losses for the Nikkei 225 index, which dropped briefly below 39,000 and also touched the 200-day simple moving average.
Some buying was seen at the lows, though it was not as strong as that seen in US indices. The price is holding above 39,000 in trading this morning, and a close above 39,500 might signal that a new push higher is underway.
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.
