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Dow Jones does it again as ISM looms any minute
Just ahead of the important US ISM release, the Nasdaq 100 has fallen back further and now traded to test 19,600. The index is clearly being pulled down by the share price of NVIDIA. That stock is now approaching 4% down on the session in early trading. At the same time this has helped rotation out of tech and into the Dow Jones again. We have seen this dynamic many times over the past few weeks, so it is no surprise to see it play out again in early trading at the start of the new month. The Dow Jones closed the month on Friday at 39,118. It reopened today at 39,186 and it has traded to a high so far at 39,438. Trading and the price action is rapid too as that ISM index looms any minute now. The Dow Jones is currently trading at 39,365
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