Dow struggles, while Nasdaq 100 and Nikkei 225 look stronger
Indices had a strong start to the week despite news of more tariffs, but momentum has been hard to sustain overnight.
Dow rebound capped at 44,500
While the S&P 500 and Nasdaq 100 managed to advance on Monday, the Dow Jones found itself unable to push higher.
However, it continues to hold above the low from Sunday night, and a close above 44,500 might point the way to a test of the recent record high. A drop through Sunday’s low brings the 44,000 level into view as support once more.
Dow Jones daily chart
Nasdaq 100 recovers from Sunday night low
The Nasdaq 100 index rebounded from its gap down on Sunday, though gains faltered yesterday as it neared the 21,800 level that marked the high from Friday’s session.
Some overnight weakness has been seen, and a drop back below 21,600 might put some pressure on the index once more. Buyers will want a close above 21,800 to open the way to a test of the January high around 21,900, and beyond this is the December record high at 22,100.
Nasdaq 100 daily chart
Nikkei 225 drifts lower
The Nikkei 225 enjoyed a solid start to the week, surging from the open and from the 38,300 support zone.
Bulls will want to see a close above 39,000 to help strengthen the view that a low has formed. This might then put the index on course to test the 40,000 area once more. Sellers have been frustrated so far in their hopes for a break below the 38,300 support zone.
Nikkei 225 daily chart
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