Dow Jones index rallies with strong gains on the first trading day of the week and was supported by upbeat news on the trade front. What is next?
1 October, ADS Securities – US equities closed with little change on Friday as investors wrapped up a quarter that saw strong gains for the US markets. The awaited trade talk between the U.S. and Canada had finally come during Sunday with the two countries reaching a deal that will serve both of them well.
The new agreement was named the United States-Mexico-Canada Agreement on Sunday. With this agreement Canada got a benefit from a consent that will keep it free from future auto tariffs from the U.S.
Moreover, the U.S. has benefited as well from this agreement as it now has access to Canada’s dairy market.
Dow Jones Index Rallies
The Dow closed the last session of September with a rise of 18.38 points. During today’s session, During the opening hour of trade, the Dow Jones Industrial Average rallied over 200-points to 26,665 and the broader S&P 500 Index climbed nearly 20-points to 2,934.
Meanwhile, tech-heavy Nasdaq Composite Index added around 53-points and jumped back to the 8,100 round figure mark.. The Dow seems to be a good sell in regards to Monday’s session.
Support: 26537 26457
Resistance: 26666 26457
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