NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Pulls Back As SpaceX Dives 12%

Dow Jones gained ground as traders remained bullish after the strong rally. Most stocks in the Dow Jones index moved higher in today’s trading session. NVIDIA, which was up by +4.3%, was the biggest gainer in the index today. The stock rallied as SpaceX would build its AI infrastructure using NVIDIA’s platform.

The nearest support level for Dow Jones is located in the 54,000 – 54,100 range. If Dow Jones manages to settle below the 54,000 level, it will head towards the next support level at 53,300 – 53,400.

On the upside, Dow Jones needs to settle above the resistance level at 54,600 – 54,700 to have a chance to gain upside momentum in the near term. In this case, Dow Jones will move towards the psychologically important 55,000 level.

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