The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market.
U.S. indices edge higher as the Nasdaq 100, Dow Jones 30, and S&P 500 all attempt to resume their upward momentum. The analyst views pullbacks as buying opportunities, noting seasonal bullishness and ongoing consolidation after a strong recent recovery.
U.S. indices slipped early Monday amid choppy, directionless trading, though key support levels across the NASDAQ 100, Dow Jones 30, and S&P 500 remain intact. Despite noise, the broader uptrends persist, with December seasonality favoring potential upside continuation.
Dow shares have underperformed, but recent results and industry supply cuts suggest a bottom may be near. DOW faces weak demand and excess capacity, but ongoing plant closures and cost cuts are gradually restoring industry balance. Despite negative free cash flow, DOW's strong cash management and $4.5B cash position support its ability to weather a prolonged downturn.
Through the end of November, the year-to-date total return of the Dogs of the Dow equals 20.96%, outpacing the Dow Jones Industrial Average return of 13.86% and outpacing the broader S&P 500 Index return of 17.74%. In a sign the market seems to be broadening out, two of the top three performing Dow Dogs are health care stocks, Johnson & Johnson and Amgen. The Dogs of the Dow strategy is one where investors select the ten stocks that have the highest dividend yield from the stocks in the DJIA Index after the close of business on the last trading day of the year.
US equity indices traded quietly in a shortened post-Thanksgiving session, with the NASDAQ 100, Dow Jones Industrial Average, and S&P 500 all holding firm near support levels. Short-term pullbacks are viewed as buying opportunities, with December seasonality expected to favor further upside.
U.S. indices hold steady in thin early-week trading as key resistance levels align with major EMAs. Thanksgiving week is expected to suppress volume, leaving the Nasdaq 100, Dow Jones 30, and S&P 500 in technically pivotal but quiet setups.
The Dow Jones ETF DIA may outperform SPY and QQQ as rate-cut hopes rise, tech volatility lingers and defensive sectors strengthen.
Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.
Jeff Kilburg, an analyst at KKM Financial, told CNBC a reversal for Nvidia shares—leading to a broader decline for tech stocks—coincided with the lowering probability for the Federal Reserve to cut interest rates in December. Investors are trading in just under 40% odds for interest rates to be lowered by 25 basis points to between 3.5% and 3.75%, after the probability peaked as high as 90% last month, according to CME Group's FedWatch.
Earnings are also due from Lowe's and Target