Dow Jones continues march to fresh all-time highs, approaching 40,000.00. US CPI inflation ticked lower in April, sparking fresh Fed rate cut hopes. US Retail Sales eased, further bolstering hopes that downturn will push Fed to cut. The Dow Jones Industrial Average clipped higher on Wednesday, gaining three-quarters of a percent during the US market session after US Consumer Price Index inflation slipped further back.
is pushing further into a bull run that kicked off after a mild pullback near 37,500.00. The Dow Jones is poised to close another day in the green, and has seen upside momentum in all but one of the last ten consecutive trading days. Bulls are firmly in control with the Dow Jones trading well above the 200-day Exponential Moving Average at 36,993.87. The
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