NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Move Lower As Traders React To FOMC Minutes

Dow Jones pulled back as most stocks in the index moved lower. The pullback was led by Merck, which was down by 2.3%. Nike, which pulled back by 1.9%, was also among the biggest losers in the Dow Jones index today.

Dow Jones is moving towards the nearest support level, which is located in the 42,000 – 42,100 range. If Dow Jones declines below the 42,000 level, it will head towards the next support level at 42,500 – 41,600. On the upside, a move above the 42,400 level will push Dow Jones towards the resistance level at 42,700 – 42,800.

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