
Nasdaq 100 Retreats From Record High, As EUR/USD Rallies Further And WTI Nears Key Support Zone.
Wall Street finishes higher: The Dow Jones climbed 0.18%, the S&P 500 advanced 0.41%, and the Nasdaq 100 gained 0.31%, with all three benchmarks closing the month and quarter in positive territory.
Quarterly and monthly performance: The S&P 500 rose 7.8% in the third quarter (Q3) and 3.5% in September, marking its strongest September since 2010. The Nasdaq outperformed, jumping 11.2% over the quarter and 5.6% during the month.
Government shutdown concerns: Investors remained cautious as a looming US government shutdown threatened to delay key economic data, including the jobs report, complicating the Federal Reserve's (Fed) policy path.
Asian market session: Japan's Nikkei 225 dropped 1% and US futures slipped, while gold hit a new record high as the US government shutdown officially took effect.
Nasdaq 100 comes off record highThe Nasdaq 100's attempt at hitting a new record high failed slightly below it at 24,741 on Monday.
The September-to-October uptrend line at 24,482 may be revisited and, if fallen through, the mid-September high at 24,343 as well.
Only a rise above this week's 24,741 and last week's 24,781 record high would engage the 25,000 region.
Nasdaq 100 daily candlestick chart Source: TradingView EUR/USD rallies furtherEUR/USD seems to be on track for its fourth straight day of gains with the late July and 9 September highs at $1.1780-to-$1.1789 about to be hit. If overcome, last week's high at $1.1820 would be next in line.
Minor support may be spotted around the 22 September low at $1.1727.
EUR/USD daily candlestick chart Source: TradingView WTI slips toward key supportWTI crude oil is once again approaching its key $61.94-to-$61.45 support zone, made up of the mid-August-to-October lows.
Were it to give way, the mid-April-to-late May support area at $60.11-to-$59.84 may be reached.
Minor resistance now sits at the 27 August low at $62.95.
WTI daily candlestick chart Source: TradingViewThis information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary .

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