FTSE 100 falls back but Dow Jones still strong
The FTSE 100 has edged back but the Dow is still looking strong.
FTSE 100 retreats from recent peak
The FTSE 100 has dropped back from the highs of last week, bringing support at 7600 and 7556 into view.
On the hourly chart, some signs of recovery are seen at 7620, with a move above 7680 providing a more bullish view once again.
Dow still at record high
The Dow Jones remains near a record high, and will continue to gain over the longer term.
Some near-term support may be found around 26,515, while a move below 26,340 would being to suggest a more substantial retracement is in play.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices