Strong Gains at the Start of Trading for US Indices
US indices opened trading on Wednesday with a strong collective rise, with the Dow Jones Industrial Average leading the gains among Wall Street indices.
However, the ongoing US-Iranian conflict continues to negatively impact US indices, making caution crucial when trading them. If the conflict persists and tensions escalate, US indices could experience further losses.
Indice Movement
The movements of the US indices were as follows:
The Dow Jones opened with a 1.15% gain and continued its upward trend, reaching levels of 46,732.
The index is expected to continue its decline in the coming period and may target levels of 44,980, which are considered important buying opportunities on the daily timeframe.
The Nasdaq opened 0.61% higher and continued its upward trend today, reaching levels of 24,333.
The Nasdaq is still trading sideways, and a decline is expected in the coming period, targeting levels of 23,600.
The S&P 500 opened 0.67% higher and continued its upward trend, reaching levels of 6,635.
The index has begun to follow a downward trend, and therefore, a continuation of the decline is expected in the medium term.
