US equities advanced over the last 48 hours as the Fed began the rate hiking cycle. Signs of fatigue appear after yesterday’s advance. Key levels to watch out for
The Nasdaq 100 and Dow Jones have suffered slight losses in recent sessions, falling from recent highs Relative to broader price trends, however, recent declines are a blip on the radar and equity strength may persist in the longer-term How to Short Sell a Stock When Trading Falling Markets Nasdaq 100 & Dow Jones Seek Support Amid Declines - Stock Forecast
The Nasdaq 100 and Dow Jones have bled lower this week, leaving the two indices in search of technical support. Since little has changed in the fundamental landscape, aside from rising Treasury yields which should be eyed closely , the longer-term equity outlook remains encouraging. With that in mind, nearby support might provide a springboard for an eventual recovery higher. Nasdaq 100 Price Chart: 4 - Hour Time Frame (September 2020 February 2021)
Dow Jones , S & P 500 , Nasdaq 100 futures gain, main exchanges closed Reflation trade in focus, 10-year Treasury rate climbs, FTSE 100 soars ASX 200 and Nikkei 225 may extend uptrend during Tuesday s session
Monday Wall Street Trading Session Recap
Wall Street may have been closed for the Presidents Day holiday, but that didn t prevent global equities from extending gains over the past 24 hours. Futures tracking the Dow Jones, S & P 500 and tech-heavy Nasdaq 100 climbed to start the week. In Europe, stocks rallied with the Euro Stoxx 50 gaining 1.04%. The UK s benchmark FTSE 100 was a notable standout, soaring 2.52% on Monday.
A lack of major economic event risks meant that the focus for investors largely remained on broader fundamental themes, like fiscal stimulus expectations and vaccine rollouts as expected . The UK hit 15 million Covid-19 vaccinations, prompting calls for Prime Minister Boris Johnson to ease lockdowns, contributing to strong gains in the FTSE 100.