empty
 
 
26.10.2021 09:38 AM
Weekly review of US stock market, October 26

This image is no longer relevant

S&P500

Weekly review of US stock market for October 20 - 26.

The US market is following a steady uptrend, hitting new highs of the year. Despite the high level of prices, large investors are still willing to continue buying.

The relevant news, particularly the US GDP report for the third quarter is due this week. Analysts are predicting US GDP growth in the range of 2.5-3.5%. It is below the 6% rise in the second quarter. However, it is appropriate for the large-scale US economy. On Friday, the RSE inflation report is scheduled and inflation is expected at 3.6% y/y. Besides, it is significant data before the Fed meeting begins on November 3. The Fed is expected to announce the start of tapering of its quantative easing program. Currently, it totals $120 billion a month. The Fed's statement on future economic perspective is of key importance.

Weekly gain:

The Dow Jones is 35150 - 35740, rising by 590 pips or 1.7%

The S&P500 is 4500 - 4560, advancing by 60 pips or 1.2%.

The NASDAQ composite 15070 - 15220, growing by 150 pips or 1%

Outlook:

The approximate range for the Dow Jones is 35400 - 35900

The approximate range for the S&P500 is 4520 - 4600

The approximate range for NASDAQ is 15100 - 15350

Conclusion

The US stock market is demonstrating rapid growth. Notably, it concerns the last stage. Moreover, the global cycle of US market rise is ending and its growth potential is insignificant, amounting to no more than 10 - 15%.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback