Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Continue to Rise on Friday

The Dow Jones 30 has rallied quite nicely during the trading session here on Friday in the early hours, as we have now gotten past the jobs number, which was hotter than anticipated, so evidently, traders aren’t too worried about the interest rate situation at the moment. And I think that makes a certain amount of sense because, quite frankly, with the energy shock, it’s hard to imagine the Fed was going to cut regardless.

So, with that, the 50,000 level continues to be an area that people watch very closely. It’s a large, round, psychologically significant figure and, of course, makes for massive headlines, so that in and of itself is probably part of the reason why it will be so intriguing, but we’ll have to wait and see whether or not the market will find its way through it or if we need to pull back a little bit before that.

I would not be surprised at all to see this market maybe kind of bounce around a little bit before finally squeezing through that level as rates continue to drop.