Dow Jones Industrial Average continues to climb during low-impact Thursday

출처 Fxstreet
  • The Dow Jones climbed another 350 points on Thursday, gaining 0.8%.
  • Markets are dealing with a lack of meaningful data by hitting the buy button.
  • US PMI figures loom ahead on Friday, but Trump headlines dominate.

The Dow Jones Industrial Average (DJIA) continued its steady drift into the high end on Thursday, gaining 0.8% and adding around 350 points to the tally as investors broadly tilt into a risk on stance. United States (US) President Donald Trump took the opportunity to air some of his economic grievances during an appearance at the annual World Economic Forum (WEF) hosted in Davos, Switzerland. Investors brushed off the majority of the President’s structural incongruities, though his statements about demanding lower Crude Oil prices drew some attention from the commodity markets.

The economic data docket on Thursday was thin, giving investors little else to chew on except political headlines from the White House’s newest resident. The US S&P Global Purchasing Managers Index (PMI) figures are due on Friday, and they are expected to be mixed. However, PMI prints are unlikely to have any meaningful impact unless the final figures deviate wildly from market expectations.

President Donald Trump lashed out about a wide variety of topics during his appearance at the WEF’s annual gathering in Switzerland, colloquially referred to as Davos, the city that hosts the forum every year. President Trump reminded everyone listening that he intended to “obliterate” the US budget deficit, while somehow convincing the US Congress to pass “the largest tax cut in American history” at the same time. 

Also on President Trump’s docket of things to cover was Crude Oil prices, which he intends to ask the Organization of the Petroleum Exporting Countries (OPEC) to find a way to lower, prompting a quick sell-off in barrel bids. OPEC has historically been known for putting in efforts to raise or stabilize Crude Oil prices, and it remains unclear how the world’s largest Crude Oil cartel would react or even comply with the claim.

President Trump also reiterated his offer for Canada to become a member state of the US, declaring that the US’ current trade deficit with Canada, which currently stands at around 4% of the total US trade overhang, is unsustainable. President Trump also floated a thinly-veiled reminder of possible plans for tariffs on EU goods imported into the US in retaliation for the EU treating the US “very badly”.

Dow Jones news

Most of the Dow Jones’ listed securities are drifting into the high end on Thursday as investors lean into a general improvement in risk appetite. The Travelers Companies (TRV) fell back 1.8% to lead the handful of losers into the red, declining to $242 per share as investors take profits following this week’s surge on better-than-expected revenue reporting. Caterpillar (CAT) rose 2.6%, tapping $408 per share and touching its highest bids since last November.

Dow Jones price forecast

Thursday’s gains put the Dow Jones Industrial Average on pace to close in the green for a fifth straight session, and the major equity index has gained ground in all but one of the last nine straight trading days. Bullish momentum is grinding its way back to record highs just north of 45,000, but first bidders will need to climb back above the 44,800 level.

Price action has extended firmly beyond the 50-day Exponential Moving Average (EMA) near 43,230, and the Dow Jones’ long-run trend of outpacing the 200-day EMA is still firmly in place. A pattern of higher lows is also firmly baked into the chart, and traders hoping for signals to get short will be forced to sit on the sidelines for the time being.

Dow Jones daily chart

Dow Jones FAQs

The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It is calculated by summing the prices of the constituent stocks and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, who also founded the Wall Street Journal. In later years it has been criticized for not being broadly representative enough because it only tracks 30 conglomerates, unlike broader indices such as the S&P 500.

Many different factors drive the Dow Jones Industrial Average (DJIA). The aggregate performance of the component companies revealed in quarterly company earnings reports is the main one. US and global macroeconomic data also contributes as it impacts on investor sentiment. The level of interest rates, set by the Federal Reserve (Fed), also influences the DJIA as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions.

Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) and only follow trends where both are moving in the same direction. Volume is a confirmatory criteria. The theory uses elements of peak and trough analysis. Dow’s theory posits three trend phases: accumulation, when smart money starts buying or selling; public participation, when the wider public joins in; and distribution, when the smart money exits.

There are a number of ways to trade the DJIA. One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies. A leading example is the SPDR Dow Jones Industrial Average ETF (DIA). DJIA futures contracts enable traders to speculate on the future value of the index and Options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index.

 

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
2025년 주목할 나스닥 100 저평가 기술주 3Investing.com – 수요일 (현지시각) 연준(Fed)의 금리 발표를 앞두고 어제 각종 주요 지수들은 숨고르기에 들어갔다. 2024년 올 한해 각종 주요 지수들은 신고가를 경신하며 상승세를 이어가고 있다. 올해 초 16,300대였던 기술주 중심의 나스닥 100 지수는 현재 22,000대로 무려 34% 이상 상승하였다.나스닥 100은 S&P 500과
저자  Investing
2024 년 12 월 18 일
Investing.com – 수요일 (현지시각) 연준(Fed)의 금리 발표를 앞두고 어제 각종 주요 지수들은 숨고르기에 들어갔다. 2024년 올 한해 각종 주요 지수들은 신고가를 경신하며 상승세를 이어가고 있다. 올해 초 16,300대였던 기술주 중심의 나스닥 100 지수는 현재 22,000대로 무려 34% 이상 상승하였다.나스닥 100은 S&P 500과
placeholder
2025년 4월 솔라나 가격 전망: FTX의 5월 30일 8억 달러 상환으로 SOL 120달러 반락 리스크 확대솔라나(SOL) 가격은 화요일 130달러 이하에서 횡보세를 보였으며, 4월 들어 FTX 매도 물량 우려가 커지면서 점차 하방 압력에 직면하고 있다.
저자  FXStreet
4 월 02 일 수요일
솔라나(SOL) 가격은 화요일 130달러 이하에서 횡보세를 보였으며, 4월 들어 FTX 매도 물량 우려가 커지면서 점차 하방 압력에 직면하고 있다.
placeholder
트럼프가 보복 관세를 시행하면서 비트코인과 주요 알트코인이 하락했다수요일, 도널드 트럼프 전 대통령이 각국의 관세율 절반에 해당하는 보복 관세를 발표한 이후 비트코인(BTC)을 포함한 전체 암호화폐 시장이 빠르게 조정을 받았다.
저자  FXStreet
어제 01: 18
수요일, 도널드 트럼프 전 대통령이 각국의 관세율 절반에 해당하는 보복 관세를 발표한 이후 비트코인(BTC)을 포함한 전체 암호화폐 시장이 빠르게 조정을 받았다.
placeholder
트럼프의 관세 발표 영향으로 XRP가 급락했고 리플 페이먼츠의 RLUSD 출시는 주목받지 못했다수요일, 도널드 트럼프 전 대통령이 모든 국제 교역 파트너를 대상으로 보복 관세를 발표한 이후 XRP는 5% 하락했다.
저자  FXStreet
어제 01: 25
수요일, 도널드 트럼프 전 대통령이 모든 국제 교역 파트너를 대상으로 보복 관세를 발표한 이후 XRP는 5% 하락했다.
placeholder
트럼프의 보복 관세 발표 이후 금 가격이 사상 최고치를 경신하자 비트코인 가격이 반응했다도널드 트럼프 미국 대통령이 이스라엘과 영국에 새로운 관세를 부과하면서 글로벌 시장이 크게 흔들린 가운데, 비트코인 가격은 $82,000까지 급락했고 금 가격은 $3,150을 돌파했다.
저자  FXStreet
어제 02: 58
도널드 트럼프 미국 대통령이 이스라엘과 영국에 새로운 관세를 부과하면서 글로벌 시장이 크게 흔들린 가운데, 비트코인 가격은 $82,000까지 급락했고 금 가격은 $3,150을 돌파했다.
goTop
quote