Fri Sep 13 11:36:00 UTC 2024: ## Markets Remain Calm Despite Key Events: S&P 500 and Nasdaq Poised for Gains
**New York, [Date]** – Despite a week packed with high-profile events, including the Trump vs. Harris presidential debate, US inflation data, and the European Central Bank (ECB) meeting, financial markets have remained relatively calm. While these events generated significant buzz, they failed to spark significant volatility, resulting in a generally upward trend for major stock market indices.
As of today, index futures are pointing towards a positive start to the trading session, with the S&P 500 and Nasdaq both poised for gains.
The S&P 500, which recently experienced a dip due to speculation surrounding an antitrust investigation into Nvidia, appears to have recovered. Buyers have taken control in recent sessions, suggesting a potential breakout to new highs. If this bullish momentum continues, the index could target psychological levels of 5700 and 5800 points. Support remains anchored at the previously tested level of 5120 points.
The Nasdaq is currently trailing the S&P 500 in its race to new highs. To reach its all-time high, the index must first overcome resistance at 18000 points, where recent gains have stalled. A successful breakout could see the index targeting its previous highs at 18600 points, with the next significant hurdle at 19000 points.
The ECB’s decision to cut interest rates by 25 basis points, while anticipated, has fueled a rally in the DAX. The index recently hit new highs above 19000 points, driven by hopes for gradual rate cuts. Looking ahead, the primary scenario for the DAX is continued upward movement, with a target of 20000 points. Support remains at 17000 points, marking the starting point of the current upward momentum.
**Disclaimer:** This article is written for informational purposes only and does not constitute investment advice. Any investment decisions are at the investor’s own risk.
First Piper 