Dow Jones gains 350 points, recovering from last week’s loss, as investors anticipate GDP, Nonfarm Payrolls and PCE Price Index releases. Treasury yields climb with the 10-year note yield nearing 4.30%, amid speculation that the Fed could remain less dovish than anticipated. Strong performers include 3M , Goldman Sachs and McDonald’s , while Boeing and Cisco lag in the index. The Dow Jones Industrial Average has recovered from Friday’s 300-point loss, climbing over 0.
are posting gains, led by 3M , up 4.50% at $130.36 per share. Goldman Sachs gained 1.92% to $522.44, and McDonald’s gained 1.76% to $297.75 at the time of writing. At the bottom of the pack lies Boeing , which plunged 1.69% to $152.40. Cisco Systems lost 0.74% to $55.33, and International Business Machines edged 0.71% lower to $213.15. Dow Jones price forecast The Dow Jones remains contained within Friday’s price action, forming an “inside day”, which has bullish implications.
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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