Dow Jones Industrial Average ($INDU) Index Forecast: Down 0.8% Today

What is Dow Jones Industrial Average?

The Dow Jones Industrial Average (INDU) is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. Today, the index experienced a strong bearish movement.

Why is Dow Jones Industrial Average going down?

INDU index is down 0.8% on Sep 3, 2024 14:11

• The Dow Jones hit fresh record highs earlier in the day but eventually slumped back to the middle, indicating a volatile trading session.
• Favorable inflation news initially fueled the index's climb to another record high.
• However, investors pulled back as US inflation data, specifically the Personal Consumption Expenditure Price Index for July, didn't provide significant surprises, leading to uncertainty about potential rate cuts by the Federal Reserve.
• The mixed signals from economic data and the ongoing debate about the possibility of a rate cut likely contributed to the bearish movement in the Dow Jones today.

INDU Price Chart

INDU Technical Analysis

INDU News

Dow Jones hits fresh record peak before slumping back to the middle

The post Dow Jones hits fresh record peak before slumping back to the middle appeared on BitcoinEthereumNews.com . The Dow Jones clipped a new record high bid to round out the trading week. US PCE inflation held steady in July, teasing investors without giving further hope. Coming up next week: US long weekend, PMI figures, and another NFP print. The Dow Jones Industrial Average (DJIA) tipped into a fresh record intraday high on Friday, echoing Monday’s record-setting bidding action. However, investors pulled back from the brink after US inflation data kept rate cut bets on the rails. US Personal Consumption Expenditure Price Index (PCE) figures for July didn’t deliver any notable surprises to round out the trading week. MoM US core PCE inflation held steady at 0.2%, as expected, but the YoY core PCE inflation figure held steady at 2.5% versus the anticipated move up to 2.6%. Rate markets are holding firmly to 30% odds of an initial double cut for 50 bps from the Federal Reserve (Fed) on September 18, with the remaining 70% leaning into a single quarter-point cut.

https://bitcoinethereumnews.com/finance/dow-jones-hits-fresh-record-peak-before-slumping-back-to-the-middle/

Dow Hits Another Record High

It pops up to 41,563.08 points fueled by favorable inflation news from the Commerce Department

https://www.ibtimes.com/dow-closes-another-record-high-after-favorable-inflation-news-3741432

Dow notches record high close after upbeat economic data – Reuters

[unable to retrieve full-text content] Dow notches record high close after upbeat economic data Reuters U.S. consumer spending solid in July; inflation rises moderately The Globe and Mail Personal Consumption Expenditures price index rose 0.2 percent in July MSNBC Fed Favored Inflation Gauge’s Mild Gain Sets Stage for Rate Cut Financial Post Dow Jones Forecast: DJIA rises as Core […] The post Dow notches record high close after upbeat economic data – Reuters appeared first on Canada News Media .

https://canadanewsmedia.ca/dow-notches-record-high-close-after-upbeat-economic-data-reuters/

Dow Jones ends week with another record close

Bob Elliott, Unlimited CEO and Adrianne Yamaki, Strategic Wealth Capital founder, join ''Closing Bell Overtime'' to talk the day''s record market action.

https://www.cnbc.com/video/2024/08/30/dow-jones-ends-week-with-another-record-close.html

Dow hits record close again as inflation data raises hopes of Fed rate cut

The Dow jumped more than 200 points to close at 41,563.08. It was the blue-chip index''s fourth record close this week and 26th this year.

https://nypost.com/2024/08/30/business/dow-hits-record-close-again-as-inflation-data-raises-hopes-of-fed-rate-cut/

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Dow Jones Industrial Average Price History

23.07.2024 - INDU Index was up 0.8%

• Despite a miss in US PMI data, the Dow Jones Industrial Average showed a strong bullish movement, indicating resilience in the market.
• The market's focus on the potential for the Federal Reserve to cut rates has been a driving force behind the bullish trend.
• The anticipation surrounding the Jackson Hole symposium and Fed Chair Jerome Powell's speech may have contributed to the positive sentiment in the market.
• The market's ability to maintain its bullish momentum even after periods of consolidation suggests underlying strength and investor confidence in the index.

29.07.2024 - INDU Index was up 1.3%

• Today's bullish movement in the Dow Jones Industrial Average is linked to positive data releases and the US economy's growth in the second quarter, which is boosting investor confidence.
• The market sentiment is also being driven by expectations of Federal Reserve intervention that could lead investors to look for higher returns in the stock market.
• Despite recent caution and market retracement, as well as concerns related to Nvidia's upcoming earnings report, today's positive data releases and investor optimism seem to have overshadowed these factors.

03.08.2024 - INDU Index was down 0.8%

• The Dow Jones hit fresh record highs earlier in the day but eventually slumped back to the middle, indicating a volatile trading session.
• Favorable inflation news initially fueled the index's climb to another record high.
• However, investors pulled back as US inflation data, specifically the Personal Consumption Expenditure Price Index for July, didn't provide significant surprises, leading to uncertainty about potential rate cuts by the Federal Reserve.
• The mixed signals from economic data and the ongoing debate about the possibility of a rate cut likely contributed to the bearish movement in the Dow Jones today.

26.07.2024 - INDU Index was up 0.0%

• The Dow Jones 30 experienced a strong bullish movement today, gaining significant points.
• Market sentiment was mostly positive following hints from Federal Reserve Chair Jerome Powell about potential interest rate cuts.
• Investors responded well to the news, resulting in increased buying activity and pushing the index higher.
• The absence of negative developments and the expectation of rate cuts played a role in the overall bullish trend in the market.

28.07.2024 - INDU Index was down 0.2%

• The Dow Jones reached an all-time high but faced a bearish movement as investors paused, possibly due to overbought conditions and uncertainty in the breakout.
• There was a shift towards cyclical and interest rate-sensitive stocks, resulting in a decline in AI and semiconductor stocks before Nvidia's earnings announcement.
• Even though the Dow closed at a record high, notable market experts anticipate increased volatility, suggesting potential market fluctuations ahead.
• As major US stock markets opened lower following the Dow's record high, attention has turned to upcoming earnings releases and economic data, which could influence market sentiment and direction.

29.07.2024 - INDU Index was down 0.2%

• The Dow Jones 30 exhibited a bearish movement attributed to concerns related to Nvidia's upcoming earnings report.
• Investor sentiment likely prompted a modest decline in the index.
• Market focus may have shifted towards cyclical and interest rate-sensitive stocks due to apprehensions about the performance of semiconductor and AI stocks ahead of Nvidia's earnings release.
• The market's prevailing trend of pursuing higher pricing supported by the Federal Reserve's accommodative monetary policy might have been momentarily disrupted by uncertainties in specific sectors.

30.07.2024 - INDU Index was up 0.5%

• The Dow Jones Industrial Average set a new record high before retreating slightly, indicating strong bullish sentiment in the market.
• The market continues to grind higher, benefiting from the anticipation of loosening monetary policy and potential stimulus measures.
• Traders are optimistic about a possible interest rate cut cycle, contributing to the positive outlook for the Dow Jones 30.
• Mixed signals in the stock market, with the Dow hitting a record high while the Nasdaq faced pressure, possibly due to specific stock declines like Nvidia shares.

03.08.2024 - INDU Index was down 0.8%

• After reaching a new high, the Dow Jones went through a significant decline, pointing to a volatile trading session.
• Positive inflation news from the Commerce Department initially drove the index to another high.
• Despite positive economic indicators and strong consumer spending in July, the index ended the week on a bearish note, possibly influenced by uncertainty surrounding potential rate adjustments by the Federal Reserve.
• Fluctuations in the index and the eventual bearish movement were likely impacted by the market's response to inflation data and ongoing speculations about rate cuts by the Fed.

03.08.2024 - INDU Index was down 0.8%

• The Dow Jones reached a new high before a downturn, reflecting a day of significant market volatility.
• Positive news on inflation and strong economic data initially drove market growth, culminating in a record high.
• Subsequently, investor response to US inflation data, which did not show major surprises and maintained expectations for rate cuts, led to a shift in market sentiment.
• Uncertainty surrounding potential rate cuts by the Federal Reserve in September likely influenced the index's decline despite earlier positive economic indicators.

01.07.2024 - INDU Index was down 0.7%

• The INDU experienced a strong bearish movement today.
• The Federal Reserve left interest rates unchanged but hinted at a possible rate cut in September, causing uncertainty in the market.
• Despite the positive news of the Fed's decision, the market sentiment turned bearish, possibly due to concerns about the future economic outlook.
• The conflicting signals from the Fed and the ongoing rotation of stocks from tech to other sectors may have contributed to the bearish movement in the Dow Jones Industrial Average.

02.07.2024 - INDU Index was down 2.4%

• Disappointing job growth figures in July, below expectations, heightened worries about the economy, resulting in a bearish trend in the Dow Jones Industrial Average.
• Weak US ISM Manufacturing PMI and Employment sub-component data, alongside a global risk-off sentiment, intensified negative market feelings, leading investors to shy away from stocks.
• Lackluster tech earnings and Middle East geopolitical tensions further reduced appetite for risk, causing sharp declines in indices like the Dow Jones.
• The market environment driven by fear, exacerbated by concerns of a deepening economic slump and renewed recession concerns, triggered a notable sell-off in the Dow Jones Industrial Average. Investors are grappling with the potential repercussions of deteriorating economic indicators on future market performance.

05.07.2024 - INDU Index was down 2.6%

• The bearish movement in the INDU today can be attributed to the overall negative sentiment in the market, as evidenced by the Nasdaq falling into correction territory and concerns about the Federal Reserve being slow to cut rates.
• The poor jobs data and recession worries have likely added to the selling pressure on the Dow Jones, leading to a significant drop in the index.
• The uncertainty surrounding the Fed's interest rate decisions and the impact of global economic factors may have contributed to the bearish trend in the market.
• The news about Nvidia's AI chip and its potential impact on the market could also be a factor influencing investor sentiment and contributing to the downward movement of the Dow Jones Industrial Average.