New Week, New Highs for Dow and S&P 500 Despite Elevated Tensions

The rally in stock markets is not stopping any time soon, as the S&P 500 continues to print new record highs almost every day, followed by Dow Jones, Nasdaq and then the European indices. Risk sentiment turned negative today as geopolitical tensions in the Middle East remain high, while news from China was disappointing to start the new week, however, that didn’t stop stock markets from making new record highs. As a result, The Nasdaq increased by about 1%, the Dow by 0.5%, and the S&P by 0.8%.

With key markets affected by holidays, trading was subdued. Japan’s market led the activity in Asia, with the U.S. and Canada seeing more limited engagement. The Chinese yuan faced pressure following a widely anticipated news conference in China that did not deliver on expected stimulus details, affecting risk-sensitive currencies. The Australian dollar also struggled, with the AUD/USD pair down 0.5% to 0.6715, hovering near the day’s lows.

S&P 500 Chart Daily – Approaching 6,000 Points

In the stock market, U.S. futures gained some traction despite Wall Street’s holiday trade. European indices recorded slight gains. The U.S. session opened with mixed results for the major index futures, with the Dow Jones Industrial Average starting in the red, while the S&P 500 reached its 46th record close. The NASDAQ led the gains, and all major indices saw substantial increases by the end of the U.S. session.

Closing Prices for Main US Stock Futures Indices

• Dow Jones Industrial Average:
  • Closed up 200 points, or 0.5%, at 43,065 points
  • New intraday high recorded at 43,139.00
• S&P 500 Index:
  • Increased by 45 points, or 0.80%, to 5,895
  • Set a new intraday high of 5,871
• NASDAQ Index:
  • Gained 160 points, or 1%, closing at 18,502
  • All-time high closing level remains at 18,647.45
• Russell 2000 (Small-Cap):
  • Rose by 14 points, or 0.64%, to 2,248.63

S&P 500 Live Chart

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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