Superior broker technology provider since 2010
+1 (315) 675 1086 |

Dow Jones Technical Analysis: Continuing Daily Decline


The Dow Jones index has been trading at fluctuating levels for several weeks but continues its daily decline since late last April. It fell to the level of 32444.00 points yesterday, the lowest level reached by the Dow Jones price in the last thirty days. The Dow Jones Industrial Average rose yesterday during its recent trading at the intraday levels, to achieve gains at the close by 0.20%, and gained 64 points by the Dow Jones Industrial Average. The Dow Jones Industrial Average settled at the end of trading at the level of 33,128.40, after a slight increase also in the previous day, by 0.26%, and reached the specified support level from the previous day at the price level of 32,500.00 points. The price of the DOW JONES index started to rise directly when it reached the support point.


26 components of the 30 index components rose in the last session’s trading. The list of stocks with the highest percentage gain was the Salesforce Inc. by 6.33%, followed by Merck & Co. Inc. by 4.94% after the drug company beat estimates for the first quarter, boosted by more than $3 billion in sales of COVID-19 antivirals.

Additionally, in economic news, US GDP unexpectedly declined at an annualized rate of 1.4% in the first quarter after a 6.9% gain in the previous quarter.

Initial jobless claims fell by 5,000 to 180,000 in the week ending April 23, while the four-week moving average rose by 2,250 to 179.750, the third consecutive increase, the weekly numbers were below 200,000 since mid-February, it is an indicator of labor force measurement.

Dow Jones Industrial Average Index


Leave a Reply

Your email address will not be published. Required fields are marked *

YourOwnBrokerage is a leading Technology & Business Consulting firm with a specialized focus in Fintech industry.

RISK WARNING: Trading products are highly speculative in nature and carries a significant level of risk which may not be suitable for all investors. Please ensure you fully understand the risks involved and only invest money you can afford to lose. Seek advice from an independent adviser if at all unsure as to the suitability of investing in such instruments.

The content of this website must not be construed as personal advice. We recommend that you seek advice from an independent financial advisor.

The information on this website is not directed to residents of certain jurisdictions where such distribution or use would be contrary to local law or regulation.

© 2009 - 2024 All Rights Reserved.