NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Retreats As OpenAI Misses Its Own Targets

Dow Jones is losing some ground amid broad pullback in the equity markets. Cisco and NVIDIA are among the biggest losers in the Dow Jones index today.

Coca-Cola, which was up by +4.2%, was the biggest gainer in the index. The stock rallied as traders reacted to the better-than-expected earnings report.

Dow Jones continues its attempts to settle below the support level at 49,000 – 49,100. This support level has been tested many times and proved its strength. In case Dow Jones manages to settle below the 49,000 level, it will gain additional downside momentum and move towards the next support, which is located in the 48,200 – 48,300 range.

On the upside, Dow Jones needs to settle above 49,400 to gain upside momentum in the near term. In this case, Dow Jones will head towards the resistance at 49,700 – 49,800.

For a look at all of today’s economic events, check out our economic calendar.