{"id":7793,"date":"2024-06-10T03:34:23","date_gmt":"2024-06-10T07:34:23","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/nasdaq-100-hits-new-peak-dow-cac-40-climb\/"},"modified":"2024-06-10T03:34:23","modified_gmt":"2024-06-10T07:34:23","slug":"nasdaq-100-hits-new-peak-dow-cac-40-climb","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/nasdaq-100-hits-new-peak-dow-cac-40-climb\/","title":{"rendered":"Nasdaq 100 Hits New Peak; Dow, CAC 40 Climb"},"content":{"rendered":"

\"Profit<\/a>
\n<\/p>\n

Nasdaq 100 Sets New Record<\/h2>\n
\"\"<\/a>
Source: dailyfx.com<\/em><\/figcaption><\/figure>\n

The Nasdaq 100 reached an unprecedented high on Wednesday, surpassing the 19,000<\/strong><\/em> mark for the first time. This surge follows a robust recovery from last week\u2019s low of 18,187<\/strong><\/em>, just above the 50-day SMA<\/strong><\/em>.<\/p>\n

Looking ahead, the momentum could propel the index further past 19,000<\/strong><\/em>. However, a drop below 18,700<\/strong><\/em> would signify a significant reversal in the current bullish trend.<\/p>\n

Dow Jones Gains Momentum<\/h2>\n
\"\"<\/a>
Source: dailyfx.com<\/em><\/figcaption><\/figure>\n

The Dow Jones demonstrated resilience, establishing a new higher low after bouncing back from 38,000<\/strong><\/em> at last week’s close. It touched the 50-day SMA<\/strong><\/em> yesterday, and maintaining above this level could solidify the bullish outlook, potentially setting the stage for an approach towards the all-time high of 40,000<\/strong><\/em>.<\/p>\n

Conversely, a fall below 38,500<\/strong><\/em> could lead to a retest of the 38,000<\/strong><\/em> level, and possibly down to the April low of 37,236<\/strong><\/em>.<\/p>\n

CAC 40 Advances from Support<\/h2>\n
\"\"<\/a>
Source: dailyfx.com<\/em><\/figcaption><\/figure>\n

This past week, the CAC 40 found support near 7900<\/strong><\/em>, mirroring its performance in April and May. If this support level holds, the index is poised for a rebound towards the 8250<\/strong><\/em> peak observed in the preceding months, which could restart the uptrend and potentially reach new highs.<\/p>\n

The post Nasdaq 100 Hits New Peak; Dow, CAC 40 Climb<\/a> appeared first on Dumb Little Man<\/a>.<\/p>\n

\"Profit<\/a>
<\/p>\n","protected":false},"excerpt":{"rendered":"

Nasdaq 100 Sets New Record Source: dailyfx.com The Nasdaq 100 reached an unprecedented high on Wednesday, surpassing the 19,000 mark for the first time. This […]<\/p>\n","protected":false},"author":1,"featured_media":7794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-7793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-happiness"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=7793"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/7794"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=7793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=7793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=7793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}