Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

​​NASDAQ 100, Dow and DAX all see sharp losses​

Indices tumbled on Thursday, as poor tech earnings and the prospect of a widening Middle East conflict hit risk appetite.

Indices chart Source: Adobe images

​​​NASDAQ 100 slumps to recent lows

​Wednesday’s gains were wiped out in a dramatic reversal on Thursday, which took the NASDAQ 100 index right back to the lows of the week around 18,600.

​If 18,600 is broken the lows from the end of May at 18,187 are the next level to watch. While the overall uptrend is still intact, the price is now below the 100-day simple moving average (SMA), having closed below this for the first time since 1 May.

NASDAQ 100 chart Source: ProRealTime
NASDAQ 100 chart Source: ProRealTime

​Dow back to trendline support

​The Dow Jones index has returned to trendline support from the June lows, reversing the gains made over the past week.

​A close below trendline support and below the May high then opens the way to 39,587. Below this lie the 50- and 100-day SMAs, not tested since early July.

Dow Jones chart Source: ProRealTime
Dow Jones chart Source: ProRealTime

​DAX at three-month low

​Thursday’s drop for the DAX 40 has wiped out all the gains made since early June.

​The index now sits at its lowest level since the beginning of May. A close below 17,790 would leave the price on course to test the 200-day SMA, and then the 19 April low at 17,400.

DAX 40 chart Source: ProRealTime
DAX 40 chart Source: ProRealTime

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing
Find out more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Tuesday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.