Enter your emailOur expectations suggest a return of the stocks' decline during its upcoming trading, if the main resistance 35,000 remains intact, to target the pivotal support level 33,833.30.
This added 564.69 points, and settled at the end of trading at the level of 34,725.48, after its decline in Thursday's session by -0.02% . During the past week, the index achieved a gain of 1.34%, after it succeeded in compensating for its losses that came at the beginning of this week.Economic reports showed US consumer spending fell 0.6% in December, amid a wave of cases of the highly contagious omicron mutant from the COVID-19 virus.
The slowdown in consumer spending during December saw a sharp decline in personal spending levels, while the latest Michigan sentiment figures showed that US consumers were more concerned about inflation than at any time in the past 10 years.interest rates