US outlook: Dow Jones is stuck in consolidation - Nasdaq 100 and S&P 500 hit new all-time highs
According to a report from stock3.com, the Nasdaq 100 and S&P 500 are at historic highs, while the Dow Jones remains in a sideways consolidation. The question that many investors are asking themselves is whether the Dow Jones will catch up soon or whether the record hunt will come to an end. The Dow Jones Industrial Average has been in a sideways consolidation since its all-time high of 38,783 points in early February. A breakout to a new all-time high could lead to another rally push, while a drop below 38,544 points could lead to a sell signal and further consolidation. The Nasdaq 100, on the other hand...

US outlook: Dow Jones is stuck in consolidation - Nasdaq 100 and S&P 500 hit new all-time highs
According to a report by stock3.com, the Nasdaq 100 and S&P 500 are at historic highs, while the Dow Jones remains in a sideways consolidation. The question that many investors are asking themselves is whether the Dow Jones will catch up soon or whether the record hunt will come to an end.
The Dow Jones Industrial Average has been in a sideways consolidation since its all-time high of 38,783 points in early February. A breakout to a new all-time high could lead to another rally push, while a drop below 38,544 points could lead to a sell signal and further consolidation.
The Nasdaq 100, on the other hand, broke through its last record high and continued to rise. In the short term, an increase to around 18,049 points is expected before profit-taking could possibly begin. A drop below 17,637 points could lead to further taxes.
The S&P 500 also reached a new all-time high, but the breakout is so far considered narrow and not significant. A further rally would only be stabilized once the breakout is confirmed. A drop below 4,957 points could lead to consolidation.
These developments show a differentiated situation on the US stock exchanges. While the Nasdaq 100 and the S&P 500 remain on course for records, the Dow Jones is stuck in its consolidation. Investors must therefore continue to pay close attention to developments in all three indices to make informed investment decisions.
Read the source article at stock3.com