Nasdaq Index, Dow Jones, S&P 500 News: Stocks Steady but Bullish Market Sentiment Persists
- U.S. stocks steady as Thanksgiving week begins.
- Microsoft’s stock rises 1% on Sam Altman’s AI team lead.
- Nvidia set for strong Q3 earnings amid positive dynamics.
- Bullish market sentiment persists with cool inflation data.
The E-mini S&P 500 Index, currently at 4533.75, is trading above both its 200-day and 50-day moving averages, set at 4291.83 and 4368.90, respectively. This positioning suggests a bullish trend, as the index is maintaining levels above these key averages.
The index is also navigating close to the minor resistance level of 4562.50, indicating potential for an upward breakout. Should it surpass this resistance, there could be further bullish momentum.
However, the index is not far from the minor support level of 4494.00. If it drops below this point, it might test the main support at 4424.50.
Overall, the E-mini S&P 500’s current stance above significant moving averages and proximity to minor resistance points to a bullish market sentiment in the short term.