NASDAQ 100 and Dow lower, but Nikkei 225 makes gains
US indices continue to fall back, but the Nikkei 225 has managed to make small gains.
NASDAQ 100 edges lower
After touching a record high last week, the NASDAQ 100 index has dropped slightly. However, the broader uptrend is still in place.
Recent weakness has found support near the 50-day simple moving average (SMA), currently around 20,717. The post-election low of 20,350 comes into view in the event of further losses.
Gentle pullback in the Dow continues
The Dow Jones index has drifted lower over the past week, as the usual first half of December weakness takes hold.
The gentle decline from record highs barely puts a dent in the uptrend. A close below the mid-November highs at 44,400 could put the index on course to test the 43,000 low from 18 November.
Nikkei 225 makes small gains
News of China’s announced policy shift helped support the Nikkei 225 at 39,000 yesterday, and the index saw small gains overnight.
However a close above 40,000 continues to elude the price, with last week’s strong upward momentum ebbing to an extent. A close above 40,000 could mark a breakout, while a close back below 38,500 could suggest a new test of the recent lows around 38,000.
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. See full non-independent research disclaimer and quarterly summary.
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
- 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
- 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
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
