NASDAQ, S&P 500, and Dow Jones Forecast: Will the Stock Market Rally Continue as Investors Buy the Dip?
Key Points:SP500 rebounded as traders bet that Fed will cut rates due to weak job market data. NASDAQ climbed back above the 23,100 level as demand for tech stocks increased. Dow Jones moved above the 44,000 level. SP500SP500 040825 4h ChartSP500 gained ground as traders rushed to buy the dip after Friday’s sell-off. Traders bet that weak job market data will force the Fed to cut rates, which will be bullish for stocks. Today, traders also had a chance to take a look at the Factory Orders report