- Dow Jones tests 38,500.00 as US equities climb.
- US PMIs weakened, bolstering hopes for a Fed rate trim.
- Key US GDP and PCE inflation data still on the table for the week.
The Dow Jones Industrial Average (DJIA) climbed on Tuesday after US Purchasing Managers Index (PMI) figures softened unexpectedly, bringing broad-market hopes for an earlier-than-expected rate cut from the US Federal Reserve (Fed) back to the forefront.
The US Manufacturing PMI slid to a four-month low of 49.9 on Tuesday, slipping back from the previous 51.9. The Services PMI also declined, falling to 50.9 from 51.7. Both PMI components were expected to tick upwards to 52.0. With a softening PMI outlook, investors will watch US Gross Domestic Product (GDP) figures slated for Thursday.
The Fed’s favored method of gauging inflation, the Personal Consumption Expenditure (PCE) Price Index, will print on Friday to round out the trading week. Equities will look for further signs of slowing in the US domestic economy to gauge the likelihood of the Fed getting pushed into a rate cut cycle than currently expected.
US GDP is currently forecast to cool off to 2.5% for the first quarter on an annualized basis, while Friday’s Core PCE Price Index is expected to hold steady at 0.3% MoM in March.
Dow Jones nyheder
Despite broad-market gains for US equities, the Dow Jones remained comparatively tepid relative to the other mega indexes, with the DJIA gaining around seven-tenths of a percent. Around a fifth of the 30 securities that comprise the Dow Jones index fell into the red on Tuesday, with Walmart Inc. (WMT) leading the losers. WMT closed down -1.75% on Tuesday, declining to $59.09 per share.
Verizon Communications Inc. (VZ) recovered from Monday’s downside, climbing 2.85% to trade at $39.70 per share. VZ is followed by American Express Co. (AXP), which gained 2.56% to trade just shy of $240.00 per share.
Dow Jones tekniske udsigter
The Dow Jones tested the 38,500.00 handle on Tuesday, with the day’s early low priced in at 38,206.51. The major equity index gained 0.69% to close at 38,503.69 at the closing bell.
Tuesday’s upside close for the Dow Jones leaves the major index in the green for a third straight trading day as the index climbs from a near-term swing low around 37,600.00. The index is still down from March’s highs just shy of the 40,000.00 major handle, but the index is firmly bullish in the long-term. The Dow Jones is trading well above major technical support from the 200-day Exponential Moving Average (EMA) at 36,687.91.
Dow Jones five minute chart
Dow Jones daglige diagram
Ofte stillede spørgsmål om Dow Jones
Dow Jones Industrial Average, et af de ældste aktiemarkedsindekser i verden, er sammensat af de 30 mest handlede aktier i USA. Indekset er prisvægtet i stedet for vægtet med store bogstaver. Det beregnes ved at summere priserne på de bestandige aktier og dividere dem med en faktor, i øjeblikket 0.152. Indekset blev grundlagt af Charles Dow, som også grundlagde Wall Street Journal. I senere år er det blevet kritiseret for ikke at være bredt repræsentativt nok, fordi det kun sporer 30 konglomerater, i modsætning til bredere indekser som S&P 500.
Mange forskellige faktorer driver Dow Jones Industrial Average (DJIA). Den samlede præstation for komponentvirksomhederne, der afsløres i kvartalsvise virksomhedsindtjeningsrapporter, er den vigtigste. Amerikanske og globale makroøkonomiske data bidrager også, da det påvirker investorernes stemning. Renteniveauet, fastsat af Federal Reserve (Fed), påvirker også DJIA, da det påvirker kreditomkostningerne, som mange virksomheder er stærkt afhængige af. Derfor kan inflation være en væsentlig drivkraft såvel som andre målinger, der påvirker Fed's beslutninger.
Dow Theory er en metode til at identificere aktiemarkedets primære trend udviklet af Charles Dow. Et vigtigt skridt er at sammenligne retningen af Dow Jones Industrial Average (DJIA) og Dow Jones Transportation Average (DJTA) og kun følge tendenser, hvor begge bevæger sig i samme retning. Volumen er et bekræftende kriterium. Teorien bruger elementer af peak- og trough-analyse. Dows teori angiver tre trendfaser: akkumulering, når smarte penge begynder at købe eller sælge; offentlig deltagelse, når den bredere offentlighed slutter sig til; og distribution, når de smarte penge forsvinder.
Der er en række måder at handle DJIA på. Den ene er at bruge ETF'er, som giver investorer mulighed for at handle DJIA som et enkelt værdipapir, i stedet for at skulle købe aktier i alle 30 selskaber. Et ledende eksempel er SPDR Dow Jones Industrial Average ETF (DIA). DJIA-futures-kontrakter giver handlende mulighed for at spekulere i den fremtidige værdi af indekset, og Optioner giver retten, men ikke forpligtelsen, til at købe eller sælge indekset til en forudbestemt pris i fremtiden. Gensidige fonde gør det muligt for investorer at købe en andel af en diversificeret portefølje af DJIA-aktier, hvilket giver eksponering til det samlede indeks.
Source: https://www.fxstreet.com/news/dow-jones-industrial-average-climbs-after-deflated-us-pmi-sparks-renewed-rate-cut-hopes-202404231729