The Dow Jones Industrial Average (DJIA) scorched 700 points higher on Friday after a close-enough-to-expectations print in US Personal Consumption Expenditures Price Index (PCE) inflation came in cool enough to allow investors to keep hopes for a September rate cut pinned to the ceiling.
Dow Jones climbs nearly 700 points on Friday in a recovery bid. September rate cut is still being priced in as a sure thing after US inflation print. With US PCE inflation in the books, markets will pivot to next Friday’s NFP.
’s constituent securities finding the green as the trading week winds down. 3M Co. is single-handedly dragging the Dow Jones deep into the high end on Friday after reporting a $400 million revenue beat over estimates and raising the low end of the company’s forward guidance band. MMM rose 21% in Friday trading to cross over $125.00 per share and trading into a 23-month high. Dow Jones technical outlook The Dow Jones soared back over the 40,000.
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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