Dow Jones DJIA Charges Toward Record Highs After Breaking Above Resistance
Despite intraday fluctuations, US stocks ended the day strongly, with the Dow Jones rising 1% and the S&P 500 and NASDAQ setting new records
Quick overview
- US equities closed strongly, with the Dow Jones surging 1% and both the S&P 500 and NASDAQ reaching new record highs.
- The Dow industrial average climbed nearly 450 points after the latest CPI report, nearing the 45,000 level and overcoming a technical barrier.
- The S&P 500 and NASDAQ experienced intraday volatility but ultimately finished higher, with the S&P 500 closing at 6,480.28 and the NASDAQ at 21,713.14.
- The Russell 2000 also performed well, indicating a broadening rally beyond just mega-cap tech stocks.
Live DOW Chart
Despite intraday fluctuations, US stocks ended the day strongly, with the Dow Jones rising 1% and the S&P 500 and NASDAQ setting new records.
Dow Jones Powers Higher
The Dow industrial average stole the spotlight, climbing nearly 450 points after the release of the latest CPI report. This push brought the index close to the 45,000 level, placing it at the upper edge of its near-term consolidation zone and setting a fresh weekly high.
Dow Jones Chart Daily – Buyers Overcome the 20 SMA
Yesterday, the Dow had stalled at the 20-day SMA, which had acted as a technical barrier, but today’s bullish breakout has cleared that resistance. This opens the door for potential new all-time highs above 45,200 points as early as tomorrow, provided bullish momentum holds.
Record Closes for S&P 500 and NASDAQ
Both the S&P 500 and NASDAQ navigated a volatile session before ending with record finishes. The NASDAQ hit a session high of +121.84 points before dipping into negative territory by -36.76 points, ultimately rebounding into the close. Its new intraday record stands at 21,801.75.
The S&P 500 climbed as much as +34.52 points before briefly turning red by -0.74 points, later finishing higher and setting a new record at 6,480.28. These swings highlighted an intraday tug-of-war between profit-taking and dip buying, ultimately resolved in favor of the bulls.
US Stock Indices Extend Gains as Dow Leads Rally
Market Performance
- S&P 500: Closed up 20.82 points (+0.32%) at 6,466.58, continuing its steady upward trajectory.
- NASDAQ Composite: Added 31.24 points (+0.14%) to finish at 21,713.14, supported by selective strength in tech and growth sectors.
- Dow Jones Industrial Average: Advanced 463.66 points (+1.04%) to 44,922.27, marking a strong blue-chip performance amid optimism over economic resilience.
- Russell 2000: Gained 45.27 points (+1.98%) to 2,328.05, adding to yesterday’s notable 2.99% jump, as small-cap stocks continued to attract buyers.
Small-Caps Join the Party
The Russell 2000 also delivered another strong performance, adding to evidence that the rally is broadening beyond just mega-cap tech and into more cyclical and domestically focused stocks.
Market Outlook
Today’s action underscores renewed investor confidence, with leadership coming from blue chips and small caps. While the S&P 500 and NASDAQ gains were more measured, their record closes reinforce the market’s resilience. If macroeconomic conditions—particularly inflation trends—remain supportive, momentum could carry the Dow and other indices to fresh highs in the coming sessions.
Dow Jones Live Chart
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