U.S. indices make up for early week losses 💡
Markets in the US open Wednesday's cash session in a very good mood. Minutes after Wall Street opened, US100 contracts gain 2.5%, while the US500 adds 2%. Markets are gaining bullish momentum, after earlier in the week we saw a bump in "risk-on" markets due to fears of a US recession, as well as limited liquidity, which, exacerbated by the BoJ's dovish policies over the past few months, successfully fueled gains on major stock indices.
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Open account Try demo Download mobile app Download mobile appLeading the gains at the moment are Big Techs and companies linked to the AI/semiconductor sector. The bullish rally is extended today by Lumen (LUMN.US) shares, which are currently adding more than 31.5%. Source: xStation
US100 managed to break out of the 200-day exponential moving average (the golden curve on the chart). The scale of the increases today is large enough that the index managed to break through yesterday's intraday peaks. The most important resistance point in the medium term remains the area around 19,000 points, where the 100-day EMA currently runs. Source: xStation
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