{"id":27596,"date":"2023-09-02T12:59:01","date_gmt":"2023-09-02T15:59:01","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2023\/09\/02\/nasdaq-index-sp500-dow-jones-forecasts-3\/"},"modified":"2023-09-02T12:59:01","modified_gmt":"2023-09-02T15:59:01","slug":"nasdaq-index-sp500-dow-jones-forecasts-3","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2023\/09\/02\/nasdaq-index-sp500-dow-jones-forecasts-3\/","title":{"rendered":"NASDAQ Index, SP500, Dow Jones Forecasts"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div><figcaption id=\"caption-attachment-1371913\" class=\"wp-caption-text\">SP500 010923 4h Chart<\/figcaption><p><a href=\"https:\/\/www.fxempire.com\/indices\/spx500-usd\">SP500<\/a> is mostly flat as traders react to the Non Farm Payrolls report, which indicated that U.S. economy added 187,000 jobs in August. Unemployment Rate increased from 3.5% in July to 3.8% in August due to the surprising increase in Participation Rate. Today, traders also focused on the <a href=\"https:\/\/www.fxempire.com\/news\/article\/ism-manufacturing-pmi-remains-in-contraction-territory-1371792\">ISM Manufacturing PM<\/a>I report, which showed that ISM Manufacturing PMI increased from 46.4 in July to 47.6 in June, compared to analyst consensus of 47. Major indices tried to move higher today, but U.S. dollar\u2019s rebound and rising Treasury yields put some pressure on stocks. In addition, it looks that traders decided to take some profits ahead of the weekend.<\/p>\n<p>In case SP500 settles back below the 200 MA at 4495, it will head towards the next support level, which is located in the 4430 \u2013 4450 range.<\/p>\n<\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-1371914\" class=\"wp-caption-text\">NASDAQ 010923 4h Chart<\/figcaption><p><a href=\"https:\/\/www.fxempire.com\/indices\/tech100-usd\">NASDAQ<\/a> is losing ground as traders focus on rising Treasury yields. <a href=\"https:\/\/www.fxempire.com\/stocks\/tsla\">Tesla<\/a>, which is down by 5% amid concerns about pricing, is among the biggest losers in the NASDAQ index today.<\/p>\n<p>From the technical point of view, NASDAQ failed to settle above the 15,600 level and is moving towards the nearest support, which is located in the 15,200 \u2013 15,300 range.<\/p>\n<h2 id=\"dow-jones\">Dow Jones<\/h2>\n<figure id=\"attachment_1371915\" aria-describedby=\"caption-attachment-1371915\" class=\"wp-caption alignnone\"\/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-1371915\" class=\"wp-caption-text\">Dow Jones 010923 4h Chart<\/figcaption><p><a href=\"https:\/\/www.fxempire.com\/indices\/us30-usd\">Dow Jones<\/a> gained some ground but remained below the strong resistance in the 35,000 \u2013 35,100 range. <a href=\"https:\/\/www.fxempire.com\/stocks\/intc\">Intel<\/a> stock gained more than 4% as the strong rebound from recent lows continued.<\/p>\n<p>Currently, Dow Jones is stuck between the support at 34,500 and the resistance at 35,100. Dow Jones needs to move out of this range to have a chance to gain additional momentum.<\/p>\n<p>For a look at all of today\u2019s economic events, check out our <a href=\"https:\/\/www.fxempire.com\/tools\/economic-calendar\">economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/nasdaq-index-sp500-dow-jones-forecasts-nasdaq-retreats-as-traders-take-profits-ahead-of-the-weekend-1371911\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] SP500 010923 4h ChartSP500 is mostly flat as traders react to the Non Farm Payrolls report, which indicated that U.S. economy added 187,000 jobs in August. Unemployment Rate increased from 3.5% in July to 3.8% in August due to the surprising increase in Participation Rate. Today, traders also focused on the ISM Manufacturing PMI report, which showed that ISM Manufacturing PMI increased from 46.4 in July to 47.6 in June, compared to analyst consensus of 47. Major indices tried to move higher today, but U.S. dollar\u2019s rebound and rising Treasury yields put some pressure on stocks. In addition, it looks that traders decided to take some profits ahead of the weekend. In case SP500 settles back below the 200 MA at 4495, it will head towards the next support level, which is located in the 4430 \u2013 4450 range. NASDAQ 010923 4h ChartNASDAQ is losing ground as traders focus on rising Treasury yields. Tesla, which is down by 5% amid concerns about pricing, is among the biggest losers in the NASDAQ index today. From the technical point of view, NASDAQ failed to settle above the 15,600 level and is moving towards the nearest support, which is located in the 15,200 \u2013 15,300 range. Dow Jones Dow Jones 010923 4h ChartDow Jones gained some ground but remained below the strong resistance in the 35,000 \u2013 35,100 range. Intel stock gained more than 4% as the strong rebound from recent lows continued. Currently, Dow Jones is stuck between the support at 34,500 and the resistance at 35,100. Dow Jones needs to move out of this range to have a chance to gain additional momentum. For a look at all of today\u2019s economic events, check out our economic calendar. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":27597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-27596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/27596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=27596"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/27596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/27597"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=27596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=27596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=27596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}