The Dow Jones Industrial Average (DJIA) briefly rallied on Monday after a broad miss in key US data sparked a risk rally on renewed rate cut hopes.
Dow Jones kicks off the new trading week with overcorrection in both directions. US data missed the mark on Monday, sparking a brief rally on rate cut hopes. Too-big of a dip in US data, plus a muddy election outlook, reignites recession fears. The Dow Jones Industrial Average briefly rallied on Monday after a broad miss in key US data sparked a risk rally on renewed rate cut hopes. Still, the steep decline in manufacturing figures proved too much for investors to stomach.
continues to hold on the high side of late May’s bottom near 38,000.00, but topside momentum remains unable to recover ground back to all-time highs set just north of the 40,000.00 major price handle in May. Dow Jones five minute chart Dow Jones daily chart Dow Jones FAQs What is the Dow Jones? The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US.
? There are a number of ways to trade the as a single security, rather than having to buy shares in all 30 constituent companies. A leading example is the SPDR Dow Jones Industrial Average ETF .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Jones Industrial Average tumbles 300 points after ISM PMI missThe Dow Jones Industrial Average (DJIA) fell around 300 points on Monday after investors took a backstep after US ISM Manufacturing Purchasing Managers Index (PMI) figures unexpectedly declined in May.
Read more »
Dow Jones Industrial Average roils after mixed US data on WednesdayThe Dow Jones Industrial Average (DJIA) is treading water on Wednesday, grappling with 38,750.00.
Read more »
Dow Jones Industrial Average struggles to find momentum on ThursdayThe Down Jones Industrial Average (DJIA) stuck firmly to midrange bets on Thursday as investors knuckle down for the wait to Friday’s US Nonfarm Payrolls (NFP) print.
Read more »
Dow Jones Industrial Average struggles to shrug off Friday’s firm NFP beatThe Dow Jones Industrial Average (DJIA) shrugged off a forecast-thumping Nonfarm Payrolls (NFP) print on Friday, climbing into a brief 0.2% gain through the US market session before slumping back to the day’s opening bids after a reactionary tumble to better-than-expected jobs additions in May.
Read more »
Dow Jones Industrial Average goes sideways as investors look ahead to midweek Fed appearanceThe Dow Jones Industrial Average (DJIA) is churning chart paper on Monday, paddling around 38,750.00 as investors look for a reason to recover footing after last Friday’s Nonfarm Payrolls (NFP) rout that saw broad-market rate cut hopes wither on the vine.
Read more »
Dow Jones Industrial Average declines further on extended drop in producer inflationThe Dow Jones Industrial Average (DJIA) tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US Dollar (USD) and forcing Treasury yields lower alongside equity indexes.
Read more »