Dow and Nasdaq 100 wobble on tariff headlines as Nikkei 225 pushes higher
Indices remain strong as Trump assumes office, with hints of a tariff move causing a brief overnight drop in US markets.
Dow at one-month high
The Dow Jones gains have continued for this index which touched its highest level since mid-December yesterday.
Some overnight weakness was seen when United States (US) president Trump mentioned tariffs on Mexico and Canada, but buyers have already stepped in at the lows. Continued gains target the 45,000 highs from early December.
A close back below 43,000 might signal that more weakness is ahead.
Dow Jones chart
Nasdaq 100 holding steady
It is a similar picture here, though the Nasdaq 100 has still to clear the early January high at 21,600.
Beyond this lies the late December high around 21,800, and then on to the 22,100 high. Overall the uptrend is still in place, though the recent run of lower lows since mid-December has put some pressure on the bullish view.
Nasdaq 100 chart
Nikkei 225 makes gains
A strong session on Monday has helped the Nikkei 225 to push higher once more from 38,000.
Continued gains target 40,000 once more, and then the late December high at 40,430. While the index has been unable to make sustained progress in recent weeks, the lows of December and January have met with fresh buying helping to prevent a bearish view taking hold.
Nikkei 225 chart
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