The US stock market presented a mixed picture on Monday. While the Dow Jones Industrial Average (DJIA) climbed to its highest point in a month, tech-heavy index

Dow Soars to One-Month High, But Tech Stocks Take a Tumble


blog post cover photo

Image credit: Maxim Hopman

The US stock market presented a mixed picture on Monday. While the Dow Jones Industrial Average (DJIA) climbed to its highest point in a month, tech-heavy indexes like the Nasdaq Composite lagged behind.

Dow Charges Ahead:

  • The DJIA defied the odds, closing 0.67% higher at 39,408.32, marking a one-month high.
  • This positive performance was driven by gains in oil and gas companies, reflecting continued investor interest in the sector.

Tech Takes a Hit:

  • The S&P 500, which has a stronger tech presence, dipped by 0.29%, closing at 5,447.87 points.
  • The Nasdaq Composite fared even worse, falling 1.09% to land at 17,499.17.
  • This decline in tech stocks could be attributed to profit-taking after a strong run or ongoing concerns about a potential market correction.

Inflation Data on the Horizon:

  • Investors are cautiously optimistic but remain watchful as they await the release of key inflation data this week.
  • This data will heavily influence the Federal Reserve's future interest rate decisions, impacting the broader market outlook.

DEMA: Navigate Market Uncertainty

Market volatility can be unsettling. To potentially smooth out technical analysis and identify clearer trends, consider the Double Exponential Moving Average (DEMA).

DEMA to the Rescue:

  • DEMA assigns less weight to older price data compared to the Single EMA, resulting in a smoother technical indicator.
  • This can help you:
    • Spot underlying trends: By filtering out short-term noise, DEMA can reveal longer-term trends that might be obscured by daily fluctuations.
    • Make informed decisions: Smoother technical analysis can lead to more strategic trading decisions based on clearer trend signals.

Empower Your Trading Strategies:

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep