The 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.
Dow Jones remains stubbornly flat in quiet Thursday trading. Stocks, bonds, and currencies all go flat as markets await key US data. Friday’s NFP to go a long way in confirming market rate cut outlook. The Down Jones Industrial Average stuck firmly to midrange bets on Thursday as investors knuckle down for the wait to Friday’s US Nonfarm Payrolls print. Investors are holding onto hopes for two rate cuts this year from the Federal Reserve with the first expected in September.
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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