Resilient Dow Jones Rebounds, Suggesting Fresh Upside Ahead
The Dow Jones Industrial Average rebounded strongly from its 20-day moving average, showing that bullish momentum remains intact...
Quick overview
- The Dow Jones Industrial Average rebounded from its 20-day moving average, indicating strong bullish momentum as investors buy the dips.
- US stocks rose, particularly in the tech sector, following reports of potential government investment in quantum computing, despite later denials from officials.
- Equities showed resilience against rising Treasury yields, with major indices closing higher and reflecting positive investor sentiment.
- Overall, the market's ability to advance amid higher yields suggests a strong risk appetite and confidence in technology-driven growth.
Live DOW Chart
The Dow Jones Industrial Average rebounded strongly from its 20-day moving average, showing that bullish momentum remains intact as investors continue to buy every dip despite rising bond yields.
Quantum Stocks Spark a Tech Surge
The major US indices climbed higher, with investors piling into quantum computing names after The Wall Street Journal reported that the US government was considering investing in the emerging industry.
D-Wave Quantum (QBTS) surged 13.78%, Rigetti Computing (RGTI) jumped 9.82%, while IonQ (IONQ) gained 7.07%, as traders reacted swiftly to the report.
Although White House officials later denied any such plans, the stocks retained most of their gains, highlighting the sector’s speculative momentum and growing investor enthusiasm around next-generation computing technologies.
Dow Holds Key Support, Suggesting Ongoing Strength
The Dow Jones Industrial Average rebounded firmly from its 20-day Simple Moving Average (SMA) — a critical short-term support level.
This rebound signals strong underlying buying pressure, as investors continue to treat every small dip as a buying opportunity, reinforcing expectations for further upside in the near term.
US Market Snapshot: Yields Rise, Stocks Extend Gains
US stocks closed higher on Thursday, even as Treasury yields edged up, reflecting resilience in equities despite ongoing rate concerns.
Key Market Highlights:
Dow Jones Industrial Average (DJIA):
- Gained +144.20 points (+0.31%) to close at 46,734.61.
- Blue-chip stocks showed steady buying interest, supported by strength in industrials and financials.
S&P 500 Index:
- Advanced +39.04 points (+0.58%), finishing at 6,738.44.
- Broader market sentiment improved, with gains spread across technology, consumer discretionary, and healthcare sectors.
NASDAQ Composite:
- Jumped +201.40 points (+0.89%) to 22,941.80.
- Tech-heavy names led the rally once again, driven by strength in semiconductor and AI-linked stocks.
Rising Yields, Steady Optimism
The US bond market saw a mild uptick in yields across the curve, yet equities showed little concern:
- 2-Year Yield: 3.494% (+5.1 bps)
- 5-Year Yield: 3.612% (+5.9 bps)
- 10-Year Yield: 4.006% (+5.4 bps)
- 30-Year Yield: 4.587% (+4.8 bps)
Despite the climb in long-term rates, investor sentiment stayed positive, supported by solid corporate earnings and renewed confidence in tech. The market’s ability to advance in the face of higher yields underscores a resilient risk appetite as traders position for a strong final quarter.
Conclusion: Confidence Persists Amid Mixed Signals
Even with bond yields edging higher and policy uncertainty lingering, Wall Street’s rally reflects persistent optimism in technology-driven growth. As buyers continue to defend key support levels, the overall tone remains constructive, suggesting that momentum could carry through the next few sessions — especially if earnings and data remain supportive.
Dow Jones Live Chart
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