Dow edges up while S&P 500 struggles and Nikkei 225 comes under pressure
Rising yields have continued to put pressure on global indices, though the Dow is holding support for now.
Dow holds recent lows
Gains earlier in the week were stalled at 43,000, but once more the Dow Jones buyers have entered to defend the recent lows above 42,000.
If the low continues to hold, then we may see another push towards 43,000, while beyond this lies the late December high at 43,300. A close above this could put the index on course to test the record highs at 45,000 once more.
S&P 500 fails to make gains
The S&P 500 index has struggled to push higher so far this month, falling back from 6000 earlier in the week.
Two lower highs since the December record high have helped to support a short-term bearish view. However, support around 5850 remains in place. Initial targets in any move higher are 6000 and then 6050.
Nikkei 225 falls back
Gains proved fleeting for this Nikkei 225 index as well, and after briefly moving above 40,000 earlier in the week, the index has now fallen back again.
Support was found at the end of December and in early January around 39,200. Below this the index could head towards the mid-December low at 38,260.
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