NASDAQ and Dow Industrial Average now up greater than 1%

The Dow industrial average is working on a six-day winning streak. The NASDAQ and S&P have been up 5 of the last 6 days coming into today. All 3 indices are higher today with the Dell industrial average and the NASDAQ index now both up over 1%. The S&P is up 0.83%.

Looking at the daily chart of the NASDAQ index, its next target area comes between 14504.82 and 14666.73. The current price trades at 14388.98. Move above that level puts the pair in the upper extremes reached in 2021.

Suddenly there are some analysts who are not talking about overpriced to earnings, but about expectations for higher earnings next year that justifies the levels.

The Microsoft news today that they will charge $30 for AI tool in the Office (and that it will be well worth it), has shares of Microsoft up 5.09%. There are 200-300 million Office subscribers.

  • Nvidia is up another 2.94%.
  • Adobe is up 2.26%.
  • Oracle is up 1.76%
  • Delta Airlines which is going back to the upside is up 3.14%
  • Unitedhealth is up 3.15% and continues its run to the upside

This article was written by Greg Michalowski at Source