Wall Street Indices Rise Collectively at the Start of Wednesday's Trading
US indices saw a collective rise at the start of trading on Wednesday, with the Nasdaq leading the gains.
However, the overall movement of the indices remains sideways on the daily timeframe in the short term.
Indice Movement
The movements of the US indices were as follows:
The Dow Jones opened with a 0.30% gain and continued its upward trend, reaching levels of $48,764.
The outlook for the Dow Jones remains positive in the long term.
The Nasdaq opened with a 0.68% gain and continued its upward movement, reaching levels of $24,934.
The Nasdaq continues to move sideways, and we expect to see an upward trend in the long term.
The S&P opened with a gain of 0.34%, as the US index continued its rise to levels of $6850 in an attempt to test the demand zones from which it had previously risen.
