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US stocks posted strong gains last week, where major indices not only reached all-time highs, but also gained new record values. Dow Jones lagged slightly behind the other indices, but held near yearly highs.
Last week:
Dow Jones was up 1.5% (550 points) and ranged from 34.240 to 34.790 points.
S&P 500 grew 1.5% (60 points) and valued 4.290 to 4.350 points.
Nasdaq rose 1.0% (149 points) and fluctuated from 14.490 points to 14.639 points.
Market condition: Obviously, the trend is upwards, thanks to the strong recovery of the US economy. Latest data says it climbed 6% year-on-year and should continue moving away from the coronavirus crisis. In fact, the Federal Reserve predicts another 6% growth by the end of 2021.
Strong vaccination programs have also pushed COVID-19 cases down to non-hazardous levels. As a result, different sectors of the economy improved, such as the labor market. Latest reports say wages and incomes have increased.
There is also a consumer boom in the United States, especially on homes and cars. But inflation continues to surge in the country, as prices increased again by about 5%.
Yet, the Fed continues to ignore the issue and announced that they will resume injecting liquidity of around $ 120 billion, and maintain a near-zero interest rates (+ 0.125%). But if inflation does not slow in the coming months, the central bank will be forced to take action, which will trigger a huge correction in all stock markets.
Forecasts for this week:
Dow Jones will value around 34.000 - 35.600 points;
S&P 500 will range around 4.270 - 4.1410 points;
Nasdaq will hit 14.300 - 14.900 points.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
