NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Moves Higher As SpaceX Soars 12%

Dow Jones moved higher as traders bought the dip. Salesforce, which was up by +2.5%, was the biggest gainer in the Dow Jones index. Honeywell, which gained +2.1%, was also among the best performers in the index today.

Currently, Dow Jones attempts to settle above the resistance level at 54,000 – 54,100. If Dow Jones manages to settle above the 54,100 level, it will move towards the next resistance, which is located in the 54,600 – 54,700 range. A move above the 54,700 level will push Dow Jones towards the 55,000 level.

On the support side, Dow Jones needs to settle below the 53,750 level to gain downside momentum in the near term. In this case, Dow Jones will head towards the support level at 53,300 – 53,400.

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