The Dow Jones Industrial Average (DJIA) plummeted over 200 points or more than half a percentage point during the North American session on Thursday.
Dow Jones index pressured by rising Treasury yields and significant losses in Microsoft and Meta amid disappointing mega-cap tech guidance. Sentiment turns cautious as investors brace for the US presidential election, VIX up over 11%. Key support levels for
extends its losses, Verizon is up 2.69% at $42.39 a share, followed by Amgen, up 2.69% at $320.59, and Walt Disney , gaining 1.12% at $96.15. The three main losers are Microsoft, losing over 5.37% to $409.30, followed by Amazon, down 3.12% at $186.72, and Boeing fell 3.09% at $149.52. Dow Jones price forecast The Dow Jones Industrial Average dropped below 42,000 points and extended its losses toward 41,692, below the 50-day Simple Moving Average at 41,928.
as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions. What is Dow Theory? Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average and the Dow Jones Transportation Average and only follow trends where both are moving in the same direction.
. One is to use ETFs which allow investors to trade the
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