​​​​​​Dow Muted in Early Trading, while Nasdaq 100 Returns to Recent Highs and Nikkei 225 Makes Progress

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​​​​​​Dow Muted in Early Trading, while Nasdaq 100 Returns to Recent Highs and Nikkei 225 Makes Progress
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​​While the Dow continues to struggle, the Nasdaq 100 is back at its previous peak. The Nikkei 225 has made a solid start to the week and is looking to move higher.​

2024-06-11 09:55:16IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/GBP are long at 77.78%, while traders in EUR/JPY ar...​After dropping back on Friday the index managed to recover on Monday, holding above the lows of Friday’s session. ​This allows the price to begin a move back towards the previous highs at 40,000, so long as the 50-day simple moving average continues to underpin the price.

​Apple’s conference weighed on the Apple stock price, but gains for Microsoft and Nvidia helped the index to move higher on Monday, moving back towards the highs seen on Friday.​A move to new record highs looks to be in play once again, building on the rally from late May. ​The index enjoyed solid gains on Monday, recouping the losses of the second half of last week.​In the short-term, a close above 39,477, the 20 May high, would mark a fresh bullish development, and potentially spark a move back towards the March record highs.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

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