Wall Street ends mixed while the Dow and S&P are just 0.5% from their record highs

  • Nasdaq moved back by 17.75 points, or 0.2%.
  • The Dow Jones Industrial Average climbed 37.07 points, or 0.1%, at 27,219.52.
  • The S&P 500 fell 2.18 points, down by 0.1%, to 3,007.39.

On easing US Chinese tensions and improved US data, the tone was upbeat on Wall Street to end of a positive week for US stocks. The benchmarks are a stone throw away from their all-time highs, with the DJIA rising 1.6% for the week and the S&P 500 adding 1% while the laggard, Nasdaq, advanced just 0.9%.

The Dow Jones Industrial Average climbed 37.07 points, or 0.1%, at 27,219.52 while the S&P 500 fell 2.18 points, down by 0.1%, to 3,007.39, and the Nasdaq moved back by 17.75 points, or 0.2%. The Dow and S&P are just 0.5% from their record highs while the Nasdaq is 1.9% from its all-time closing high.

US data coming in strong

As for US data, Retail Sales impressed, beating expectations at 0.4% month-on-month gain versus the 0.2% consensus expectation and 4.1% year on year making for the sixth straight month of positive growth which will certainly be something for the Federal Reserve to consider next week. "Manufacturing may be weakening, but the consumer sector remains as firm as ever. Rising wages and employment mean households have the confidence and the cash flow to keep spending. It also means that the Fed will stick with its "mid-cycle adjustment" line when cutting rates 25bp next week," analysts at ING Bank argued. 

DJIA levels

Technically, the index may struggle from here is obeying the bearish doji candle formation through the 27200s target. On the flip side, the 200-DMA is located at 25708 below the 21-DMA that sits just above the pivot. Further below lies the May and Jun lows in the 24700s as a double-bottom target.


Today last price 27204
Today Daily Change 28.00
Today Daily Change % 0.10
Today daily open 27176
Daily SMA20 26340.8
Daily SMA50 26575.2
Daily SMA100 26309.48
Daily SMA200 25746.98
Previous Daily High 27312
Previous Daily Low 27114
Previous Weekly High 26866
Previous Weekly Low 25978
Previous Monthly High 27178
Previous Monthly Low 25216
Daily Fibonacci 38.2% 27189.64
Daily Fibonacci 61.8% 27236.36
Daily Pivot Point S1 27089.33
Daily Pivot Point S2 27002.67
Daily Pivot Point S3 26891.33
Daily Pivot Point R1 27287.33
Daily Pivot Point R2 27398.67
Daily Pivot Point R3 27485.33



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD advances 1.10 amid upbeat trade headlines, after mixed US retail sales

EUR/USD is trading closer to 1.1050, up on the day. US Commerce Secretary Ross has expressed optimism about reaching a deal with China. The Retail Sales Control Group met expectations with 0.3%.


GBP/USD soars past 1.2900 as Farage gives additional boost to Conservatives

GBP/USD has leaped above 1.29, the highest since early November, as the Brexit Party has failed to field candidates in 43 additional seats, facilitating a victory for PM Boris Johnson.


USD/JPY clings to gains near session tops, around 108.70 post-US data

The USD/JPY pair maintained its strong bid tone near session tops and had a rather muted reaction to the mixed US economic data.


Gold looks to close week with small gains below $1,470

The precious metal struggled to find demand on Friday as the upbeat market mood on renewed hopes of the United States and China reaching a trade deal to avoid a tariff hike in December caused investors to move away from safe havens.

Gold News

Crypto Today: Playing with the thin red line

BTC/USD has fallen below $8,500 during the Asian trading session. A close below this support level would put $7,500 on the trading table. ETH/USD is moving below the 50-period exponential moving average.

Read more