DOWJONES
Dow Jones Index is trading below the 46,415 resistance level, and prices are likely to decline to retest the 45,750 support level. This scenario would be invalidated if the mentioned resistance is broken to the upside.
Support |
45750 | 45000 | – |
Resistance | 46660 | 46800 |
– |
The Dow Jones Industrial Average showed a positive performance, rising by 0.09% to close at 46,441.10 points, marking a slight but continued increase amidst investor optimism. Despite the partial government shutdown in the United States, the index maintained strong upward momentum, reflecting investor confidence in the U.S. economy’s ability to overcome these challenges.
Markets are also awaiting upcoming economic data, such as employment and inflation reports, which could have a significant impact on the Federal Reserve’s decisions regarding monetary policy. If these data come in with negative results, we could witness market volatility. Overall, the Dow Jones remains on an upward trajectory, supported by expectations of interest rate cuts, but it is essential to closely monitor economic and political developments to ensure the sustainability of this trend.
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