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SP500<\/a> rebounds as traders focus on the pullback in Treasury yields. In addition, recent reports indicate that Hamas released two female hostages. Some traders are ready to bet that diplomatic efforts from various countries would limit the scope of Israel \u2013 Hamas conflict, which will be bullish for markets. The strong pullback in the oil markets provided additional support to SP500. High energy prices lead to higher inflation, so a pullback in the oil markets provides Fed with a chance to be less hawkish at the upcoming meeting. Not surprisingly, oil-related stocks are under pressure, but other market segments are moving higher in today\u2019s trading session.<\/p>\n The nearest resistance level for SP500 is located in the 4260 \u2013 4280 range. In case SP500 climbs above 4280, it will move towards the resistance at 4335 \u2013 4350.<\/p>\n<\/div>\n<\/div>\n NASDAQ<\/a> gained ground amid rising demand for tech stocks. Tomorrow, traders will have a chance to take a look at the earnings reports from Microsoft and Alphabet. Both stocks are up by about 1.5% as investors bet that reports will beat analyst expectations.<\/p>\n If NASDAQ stays above the 14,680 level, it will have a good chance to gain upside momentum and move towards the resistance at 15,200 \u2013 15,300.<\/p>\n Dow Jones<\/a> did not manage to gain upside momentum in today\u2019s trading session. Chevron is the biggest loser in the Dow Jones index. The stock is down by 3.5% as the company is buying Hess for $53 billion. The dynamics of the oil markets put additional pressure on Chevron.<\/p>\n From the technical point of view, Dow Jones remains stuck near the strong support level at 33,000 \u2013 33,100. RSI has recently moved back into the moderate territory, so there is enough room to gain momentum in case the right catalysts emerge.<\/p>\n For a look at all of today\u2019s economic events, check out our economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nDow Jones<\/h2>\n