Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Dow, Nasdaq 100 and CAC40 make headway

Dow, Nasdaq 100 and CAC40 make headway

IG, Sponsored Content


What's on this page

Article by IG Chief Market Analyst Chris Beauchamp

Dow Jones, Nasdaq 100, CAC 40 Analysis, Prices, and Charts​​​Dow heading back towards 34,000

​​​​Dow heading back towards 34,000

​After making headway yesterday the index has stalled in the short-term. A further push above 34,000 would help to revive the bullish view and open the way to 34,500.​The recovery above the 50-day SMA this week has helped to create a higher low after the bounce from the late May low. It would require a reversal back below the 50-day SMA to negate the current bullish view.

Dow Jones Daily Price Chart

Traits of Successful Traders
Traits of Successful Traders
Recommended by IG
Traits of Successful Traders
Get My Guide

Nasdaq 100 edges towards 15,000

​After a modest pullback, the price has recovered over the last two sessions. This puts it on track to challenge the 15,260 highs from June.

​From here the next big level would be the 15,760 highs of September 2021, and then on to 16,630 the record highs for the index.

Nasdaq 100 Daily Price Chart

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

CAC 40 at one-week high

​The rebound of the past three days looks set to continue, with the next target being the 50-day SMA, and then on to trendline resistance from the April highs.

​A breakout above this and the mid-June highs would then open the way to 7500 and then the April high at 7600.​It would need a drop back below 7100 to suggest that a medium-term bearish view is developing.

CAC 40 Daily Price Chart

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.