Dow Jones trims losses following upbeat US employment data.
Dow Jones picks up, unfazed by the strong US NFP and hawkish comments by Fed's Bowman. A moderate slowdown in the yearly wage growth has eased investors’ concerns about the strong employment reading. The sharp reversal in the weekly chart suggests that a deeper correction might be in progress. The Dow Jones Industrial Average is moving higher on Friday, following upbeat US employment figures and hawkish rhetoric by Federal Reserve Governor, Michelle Bowman.
On the downside, a break of the 34,452 level would confirm a trend reversal and increase bearish pressure toward 38,035. Dow Jones 4-Hour Chart Inflation FAQs What is inflation? Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month and year-on-year basis.
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